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Here's What Key Metrics Tell Us About Walmart (WMT) Q3 Earnings

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For the quarter ended October 2025, Walmart (WMT - Free Report) reported revenue of $179.5 billion, up 5.8% over the same period last year. EPS came in at $0.62, compared to $0.58 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $177.14 billion, representing a surprise of +1.33%. The company delivered an EPS surprise of +1.64%, with the consensus EPS estimate being $0.61.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Walmart performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • U.S. comparable store sales (YoY change) - Walmart U.S. - Without Fuel Impact: 4.5% versus 4% estimated by seven analysts on average.
  • U.S. comparable store sales (YoY change) - Sam's Club - Without Fuel Impact: 3.8% compared to the 4% average estimate based on seven analysts.
  • Reported Sales Growth (YoY change) - Walmart International: 10.8% versus the six-analyst average estimate of 5.9%.
  • U.S. comparable store sales (YoY change) - Total U.S. - Without Fuel Impact: 4.4% versus 4% estimated by five analysts on average.
  • Number of stores - Sam's Club: 601 versus the four-analyst average estimate of 602.
  • Number of stores - International: 5,615 versus the four-analyst average estimate of 5,628.
  • Net square footage - Walmart U.S.: 698.15 Msq ft compared to the 698.49 Msq ft average estimate based on four analysts.
  • Revenues- Membership and other income: $1.73 billion compared to the $1.71 billion average estimate based on seven analysts. The reported number represents a change of +9% year over year.
  • Net Sales- Walmart U.S.: $120.68 billion compared to the $119.52 billion average estimate based on seven analysts. The reported number represents a change of +5.1% year over year.
  • Revenues- Net Sales: $177.77 billion compared to the $175.33 billion average estimate based on seven analysts. The reported number represents a change of +5.8% year over year.
  • Net Sales- Walmart International: $33.54 billion versus the seven-analyst average estimate of $32.07 billion. The reported number represents a year-over-year change of +10.8%.
  • Net Sales- Sam's Club: $23.55 billion versus $23.74 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +3.1% change.

View all Key Company Metrics for Walmart here>>>

Shares of Walmart have returned -6.1% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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