A successful quarter for Walmart
The retail giant, Walmart, recently announced financial results for the third quarter of 2024, closing with a net profit of 4.58 billion dollars, corresponding to 57 cents per share. This result marks a slight increase compared to 4.53 billion dollars, or 6 cents per share, recorded in the same period of the previous year. The group’s sales showed a significant increase of 5.5%, reaching 169.59 billion dollars, compared to 160.8 billion dollars
in the previous quarter.
Winning strategies and sustainable growth
This increase in sales reflects not only a higher-than-expected performance, but also the strength of Walmart’s growth strategy. The company has been able to adapt to market challenges and has implemented effective strategies to attract and keep customers. The market’s positive response to the financial results prompted Walmart to revise its estimates for the 2025 financial year upwards, now forecasting an increase in consolidated net sales of between 4.8% and 5.1%.
Previous growth expectations were between 3.75% and 4.75%.
Impact on the market and future prospects
The news of Walmart’s financial results also had a positive impact on the markets. Chinese stock exchanges, for example, closed higher, pending the Chinese central bank’s interest rate decision. The cities of Shanghai and Shenzhen experienced significant increases, driven by the high-tech sector. This scenario highlights how Walmart’s results can influence not only the American market, but also the global one, underlining the importance of the company in the current economic landscape
.
