Walmart's Stock Earnings Announcement:
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Post-earnings, Walmart's {{ m-tag option="price" ticker="WMT" currency="USD" }} shares dropped over 7% in Thursday morning trading, following a peak the day before. The cautious year-end forecast influenced this shift, especially before the holiday season.

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Fiscal Year Forecasts Adjusted by Walmart:
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Walmart updated its yearly earnings per share forecast to $6.40-$6.48, slightly below analyst expectations but above previous estimates. The company also expects a 5-5.5% increase in net sales.

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Inflation Impact & Varied Price Trends:
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With inflation waning and deflation emerging, Walmart notes mixed impacts on sales. CEO Doug McMillon reported price drops in groceries like dairy and poultry, potentially easing customer holiday shopping.
Decreasing general merchandise prices could lead to a sales rebound for Walmart, which has seen sales growth amid inflation due to higher item prices.

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Consumer Trends & Promotion Reactions:
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CFO John David Rainey observed consumers' cautious spending and focus on significant promotions, impacting buying patterns around sales events.
Despite challenges, Walmart's early holiday quarter sales increased, especially in clothing, as holiday deals attract shoppers.

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Q3 Financial Overview:
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• Adjusted EPS: $1.53, above the $1.52 expectation.
• Revenue: $160.80 billion, surpassing $159.72 billion forecast.
• Net income rose to $453 million, a recovery from the previous year's loss.
• Notable growth in grocery and digital sales.

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Growth in Same-Store & E-commerce Sales:
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Walmart U.S. reported a 4.9% increase in comparable sales, with Sam's Club at 3.8%. E-commerce sales grew 24% in the U.S. and 15% globally. Walmart's advertising arm, Walmart Connect, and the Walmart+ membership program substantially grew, diversifying the company's revenue streams. Investors remain hopeful about Walmart's sales potential during the holidays, supported by its position as the largest U.S. grocer. Walmart's shares hit an all-time high, reflecting a 19% yearly increase and a strong growth trajectory since its 1972 NYSE debut.

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