US retail giant Walmart has registered strong financial performance for the third quarter of the fiscal year 2025, with consolidated revenue reaching $169.58bn - a 5.5% rise from the previous year's $160.80bn.
The company's US and Sam's Club divisions reported comparable sales growth, excluding fuel, of 5.3% and 7.0% respectively over the quarter.
Walmart International also saw a notable net sales growth of 12.4%, amounting to $31.5m over the quarter.
During the three months ended 31 October 2024, e-commerce continued to be a powerhouse for Walmart, with global online sales growing by 27%, propelled by store-fulfilled pickup and delivery services as well as marketplace operations.
In particular, e-commerce sales in the US increased by 22%, while Walmart International experienced an even more remarkable 43% rise, with market penetration expanding across various regions.
The consolidated net income attributable to Walmart soared to $4.57bn in Q3 FY25, a significant leap from the $453m recorded during the same period of the previous year.
The diluted net income per common share followed suit, climbing to $0.57 from just $0.06 in Q3 FY24.
Walmart's consolidated gross margin rate improved by 21 basis points, largely due to the performance of Walmart US.
The retailer also reported a consolidated operating income of $6.70bn, up by 8.2% from Q3 FY24, benefiting from higher gross margins and growth in membership income while also seeing reduced losses in its e-commerce segment.
Walmart president and CEO Doug McMillon stated: "We had a strong quarter, continuing our momentum. Our associates are working hard to save people time and money and to transform our business.
“In the US, in-store volumes grew, pickup from store grew faster, and delivery from store grew even faster than that. Our teams are executing and delighting our customers and members with the value and convenience they expect from Walmart.”
As of the end of the quarter, Walmart's total debt stood at $47.3bn.
For nine months ended 31 October 2024, the company’s total revenue was $474.73bn and net income attributable to Walmart stood at $14.182bn.
In October 2024, Walmart launched a pharmacy delivery service to bring prescription medications to customers in as little as 30 minutes.
