Walmart Clips Wall St, Euro Eyes German Vote

Walmart Inc. (WMT) shares surged on Thursday, November 19, 2024, as the retail giant reported strong Q4 and full-year earnings, surpassing analysts' expectations. The company's stock price closed at $169.6 billion, up 5.7% from the previous quarter. Walmart U.S. comp sales grew 5.3% excluding fuel, while e-commerce sales grew 22%, led by store-fulfilled pickup & delivery, advertising, and marketplace. Walmart International net sales grew 12.4% in constant currency, led by Flipkart, Walmex, and China. Sam's Club comp sales grew 7.0% excluding fuel. Global advertising grew 28%, with Walmart Connect up 26% in the U.S.