Walmart Inc. (WMT), a leading retail company, is set to report third-quarter fiscal 2024 earnings on Thursday, November 16, 2023, before the market opens. Analysts expect the company’s revenue and EPS for the third quarter (ended October 2023) to increase 4.6% and 1.4% year-over-year to $158.50 billion and $1.52, respectively.
Moreover, the retail giant’s second-quarter revenue and earnings surpassed analysts’ expectations. WMT posted a revenue of $160.28 billion, beating analysts’ estimate of $158.93 billion. Customers visited Walmart’s stores and website more often, resulting in an increased buying of items. Transactions grew by 2.9%, and the average ticket increased by 3.4% for Walmart U.S.
