On Thursday, November 16th, Walmart announced that Q3 earnings outperformed expectations with revenue growth of 5.2% and raised the company’s guidance for fiscal year 2024. Walmart noted Q3 upside and positive customer response to its value proposition. Gross profit rate increased 32 basis points citing a slight improvement in Walmart U.S. and timing shift of Flipkart’s Big Billion Days (BBD) event in India, moving from Q3 last year to Q4 this year.
Read Harvest Group’s full recap with unique takeaways for suppliers here:
