What drove WMT's EPS growth in Q3 2025?

Walmart's EPS grew from $0.60 to $0.66, driven by strong sales growth and operational efficiencies: 1. **Sales Growth**: Walmart's total sales increased by 4% year-over-year to $180.55 billion, with growth across all three segments: U.S., Sam’s Club, and International. This sales growth is a result of market share gains, increased private brand penetration, and return to growth in general merchandise. 2. **E-commerce Performance**: Walmart's e-commerce sales grew by 27%, driven by strong performance across all segments, including a 43% increase in international markets, particularly in Flipkart. This growth in e-commerce sales contributes to the overall revenue growth and profitability. 3. **Cost Control Measures**: Walmart improved inventory management and reduced shrink, leading to a boost in gross margins. This operational efficiency helps in enhancing profitability and ultimately contributes to higher EPS. 4. **Market Share Gains**: Walmart gained market share in the U.S., with households earning more than $100K accounting for 75% of share gains. This gain in market share, especially among higher-income households, supports the growth in sales and EPS. 5. **Strategic Initiatives**: Walmart's strategic initiatives, such as its focus on price, convenience, and assortment, continue to resonate with inflation-conscious shoppers. This value proposition, coupled with operational efficiencies, confirms its reputation as a destination for a wide variety of shoppers. In summary, Walmart's EPS growth in Q3 2025 is driven by strong sales growth, particularly in e-commerce, market share gains, cost control measures, strategic initiatives, and operational efficiencies. These factors combined contribute to the company's robust financial performance and higher EPS.