Overview
- The company’s market value reached $1 trillion on Feb. 3, marking the first time a brick-and-mortar retailer has crossed that threshold.
- Shares are up roughly 15% year to date and hit a 52-week high of $129.60 on Feb. 5, with Citi lifting its target to $147 and Piper Sandler to $130.
- Recent performance showed momentum, with fiscal Q3 net sales up 5.8% to $177 billion, adjusted EPS up 7% to $0.62, and global e-commerce sales up 27%.
- AI integrations such as ChatGPT ordering and Google Gemini shopping tools, faster store-fulfilled delivery, and a growing Walmart Connect ad business are attracting more higher-income shoppers.
- Walmart moved its listing to Nasdaq in December and is set to report Q4 results on Feb. 19, with John Furner now serving as CEO following Douglas McMillon.