Walmart Market Share Surges As Six-Figure Income Households Drive 75% Of Growth In Q3: 'People Come To Us To Shop As A Primary Destination'

Walmart Inc. WMT shares ended 3% higher on Tuesday at $86.60 per share, as compared to an unchanged NYSE Composite Index. The retail giant reported third-quarter results, beating estimates, and raised its fiscal 2025 guidance.

According to its earnings transcript, 75% of Walmart’s market share growth stemmed from “households earning more than $100,000,” said the company’s CEO, Doug McMillon.