Wealthier Shoppers Boost Walmart’s Strong Quarterly Growth
Walmart Inc. has had another quarter of great growth, mostly because more people with better incomes are shopping there. In the third quarter of fiscal year 2026, the retail giant’s results showed wide improvements in all business areas, but buyers with lesser incomes still had to deal with rising prices.
Doug McMillon, the CEO, said that Walmart’s strong success was due to more middle- and upper-income families shopping there. He stressed that Walmart’s major goal is still to keep prices low so that families on a tight budget can make the most of their money.
Inflation Control And Grocery Price Rollbacks
Walmart’s U.S. businesses had only 1.3% inflation during the quarter, which shows that the corporation is serious about keeping prices down. Executives said that costs for food and other goods only went up a little.
John Rainey, the chief financial officer, said that Walmart’s price rollbacks are a critical way to keep customers. The store has roughly 7,400 active rollbacks right now, and more than half of them are in the grocery category. Many of these rollbacks will become permanent.
Rollback Campaigns Strengthen Consumer Loyalty
Walmart’s plan to make temporary price reductions permanent has been quite popular with people who care about getting a good deal. More than 2,000 rollback goods have reached daily low prices since January.
When Sam’s Club, Walmart’s warehouse store, lowered the price of their box of fresh-baked croissants from $5.98 to $4.98, sales shot up. This showed that customers are quite sensitive to modest reductions.
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Strong Earnings Across Key Divisions
Walmart’s consolidated net income for the quarter ended October 31, 2025, was $6.1 billion, which is a 29% increase from the previous year’s $4.7 billion. Total revenue rose 5.8% from the previous year to $179.5 billion, thanks to strong sales in groceries, health, and wellbeing.
Net sales in the U.S. were up 5.1% to $120.6 billion, while Sam’s Club made $23.5 billion. Sales outside the U.S. jumped almost 11% to $33.5 billion. Executives claimed that the grocery business had strong unit growth and the health segment had growth rates in the double digits.
E-Commerce Expansion Accelerates Omnichannel Growth
Walmart’s expansion is still being driven by new digital technologies. The company’s online sales grew by 27% throughout the world, 28% in the U.S., and 22% at Sam’s Club. Online sales in the foreign market went up by 26%.
Rainey said that the benefits were due to advances in automation, artificial intelligence, and a more efficient logistics network. Walmart’s AI-powered tools are making online shopping more personal, improving inventory management, and speeding up delivery times.
Walmart Moves From NYSE To Nasdaq
Walmart said it will move its stock listing from the New York Stock Exchange to Nasdaq on December 9, 2025. This is a big change in meaning. The move fits with the company’s expanding reputation as a tech-savvy store.
Rainey stated that the change is a “new chapter” in Walmart’s growth, showing how the company is using data analytics, AI, and smart automation more and more to make sure that consumers have a smooth experience both online and in-store.
Positive Outlook Ahead Of Leadership Transition
Walmart boosted its estimate for full-year net sales growth to between 4.8% and 5.1% since the Christmas season started out well and customers stayed interested. Seasonal expenditure indices, from back-to-school to Thanksgiving, are still looking good.
Doug McMillon’s last results call as CEO was also this quarter. He will retire in January 2026. John Furner, who is now the president and CEO of Walmart U.S., will take over for him. This shows that Walmart’s digital growth is going smoothly.
