WMT Stock: Walmart Ups Sales and Profit Forecasts

By Patricia Miller

Nov 20, 2024

Walmart (WMT) increases its sales and profit forecasts, reflecting strong growth.

Walmart logo on iPhone display next to cardboard boxes with black shopping trolleys printed on them.

What You Need To Know

Walmart (NYSE: WMT) has revised its annual sales and profit forecasts upward for the third time this year, indicating robust growth as the holiday season approaches. The growth is driven primarily by significant increases in in-store, pickup, and delivery volumes, with the delivery segment experiencing the highest growth rate. Market share gains were observed across various income groups, especially among high-income households earning over $100,000 annually.

For fiscal 2025, Walmart expects consolidated net sales to rise by 4.8% to 5.1%, a revision from its earlier guidance of 3.75% to 4.75%. The adjusted profit per share forecast has also been increased to a range of $2.42 to $2.47, up from $2.35 to $2.43.

As the holiday shopping season has begun earlier than usual, Walmart, along with competitors like Amazon and Target, has introduced various promotional deals. To attract budget-conscious shoppers, Walmart and Target expanded their private-label and grocery options. Despite various economic and political uncertainties, most Walmart customers plan to maintain their holiday spending.

Why This Is Important for Retail Investors

  1. Strong Performance and Revised Forecasts: Walmart’s upward revision of sales and profit forecasts highlights its robust growth and strategic execution, boosting investor confidence.

  2. Resilience in Economic Uncertainty: Consistent customer spending and market share gains across income groups, including high-income households, underscore Walmart's appeal as a stable retailer.

  3. Competitive Positioning for the Holidays: Early holiday deals, private-label expansion, and grocery focus strengthen Walmart’s position against competitors, driving sales growth.

  4. E-commerce and Delivery Growth: Rapid growth in the delivery segment showcases Walmart’s ability to adapt to consumer trends, supporting long-term revenue potential.

Spotlight on a Unique Investment

One company is sitting on an incredible asset in the middle of a prime location where demand for its resource is not only stable but essential to the entire global economy.

It can command an impressive and resilient price, and end markets are diversified.

This company’s competitors are dealing with aging assets, while international suppliers can be displaced on distance, cost and greenhouse gas emissions.

Find out more:

  • A valuable long-term asset that is projected to produce solid returns for decades

  • 50% of its production is already allocated to a strategic offtake agreement

  • Commodity prices are resilient

  • A strategically superior location

Learn more about this intriguing investment opportunity today.

Important Notice And Disclaimer

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.