Sales increased by 4.5% last quarter, taking market share away from direct competitors such as Target, for example.
The company said grocery priceinflation in its shops was 1.3%, down 0.2 percentage points from the second quarter and less than half the national inflation rate for food purchased at home.
CEO McMillon said Walmart has temporarily reduced prices on about 7,400 items, more than half of which are groceries, and said he welcomed Trump’s decision last week to reduce duties on food ingredients that are poorly grown in the US.
The strong results prompted Walmart to revise its net sales forecast upward for the second time this year. Executives now expect growth of 4.8 to 5.1 per cent for the full year, up from a previous forecast of 3.75 to 4.75 per cent.
The company, which has a market capitalisation of more than $800 billion, up 20 per cent after the announcement of its partnership with ChatGPT, will begin trading on the Nasdaq on 9 December.
The e-commerce division grew by 27 per cent last quarter.
Below: the changeover on duties, which took place at the end of November 2025.
And the 27% growth in the third quarter represented the seventh consecutive quarter of e-commerce growth above 20%.
Some 35% of orders fulfilled in-store were delivered in less than three hours in Q3. Sales through these accelerated channels increased by almost 70%.
More than 50 per cent of Walmart’s e-commerce order fulfilment centre volume is automated, which promotes better unit productivity and helps lower service costs.
As mentioned, strong advertising growth continued in the third quarter, with a 33% increase in Walmart Connect sales in the US.
Third quarter results also showed impressive revenue growth, up 5.8%. Operating profit grew faster than sales, up 6.3%, reflecting solid inventory management. Inventories increased by 2.6%.
Subscription and other revenues increased 9.0%, up 16.7% globally. In the US, Walmart subscription revenues continued to grow at a double-digit pace, with subscription growth accelerating across all income brackets.
Walmart’s e-commerce sales are expected to exceed $150 billion/year.
This stock market index decision certifies that Walmart has become a big tech. On the other hand, the Arkansas-born giant is the only physical retailer that has been able to stand up to Amazon.
