09:11 AM EST, 11/20/2025 (MT Newswires) -- Walmart ( WMT ) raised its full-year outlook on Thursday, while the retail giant's fiscal third-quarter results topped Wall Street's estimates.

The company now anticipates adjusted earnings to come in between $2.58 and $2.63 a share for fiscal 2026, including a foreign-exchange headwind of $0.01 to $0.02. It previously projected adjusted EPS of $2.52 to $2.62, with a negative currency impact of $0.02 to $0.03. The current consensus on FactSet is for non-GAAP EPS of $2.61.

Sales are projected to rise by 4.8% to 5.1% in constant currency terms for the ongoing fiscal year, up from the prior growth guidance of 3.75% to 4.75%. The Street is looking for sales of $709.39 billion. The stock rose 3.2% in the most recent premarket activity.

On Wednesday, retailer Target (TGT) lowered the top end of its full-year earnings guidance, while TJX (TJX) raised its fiscal 2026 outlook.

Walmart ( WMT ) expects adjusted EPS to be in a range of $0.67 to $0.72 for the ongoing quarter and sales to increase by 3.75% to 4.75% in constant currency terms, Chief Financial Officer John Rainey said during an earnings call, according to a FactSet transcript. "Notably, if currency exchange rates stay where they are today for the entire fourth quarter, we would expect a $1.1 billion benefit to reported sales growth," according to Rainey.

Analysts are currently estimating non-GAAP EPS of $0.73 and sales of $189.56 billion for the fourth quarter.

"The consumer environment remains dynamic, and we continue to monitor customer member behavior alongside tracking the macro environment," Rainey said on the call. "We're entering (the fourth quarter) with strong momentum, healthy inventory, and a clear focus on our value proposition, price, convenience and a broad assortment."

For the three months through October, Walmart's ( WMT ) adjusted EPS increased to $0.62 from $0.58 the year before, surpassing the average analyst estimate of $0.60. Net sales improved 5.8% to $177.77 billion. Total revenue, which includes membership and other income, rose to $179.5 billion from $169.59 billion, ahead of the market view for $177.44 billion.

"We believe that Walmart's ( WMT ) deep discount pricing, improving product quality and significant expansion of convenience options (especially home delivery, where three-hour or less shipping increased by 70%) is ideally suited for today's environment and is enabling the company to gain share across customer cohorts," Truist Securities said in a client note.

US comparable sales excluding fuel advanced 4.5% amid gains in transactions and average ticket. Same-store sales in Sam's Club moved 3.8% higher, excluding fuel. Revenue in the international segment climbed 11% to $33.93 billion, led by China, Walmex and Flipkart, according to the company.

"We're gaining market share, improving delivery speed, and managing inventory well," Chief Executive Doug McMillon said in the earnings release. "We're well positioned for a strong finish to the year and beyond that."

Last week, Walmart ( WMT ) announced that McMillon will retire as CEO of the company at the end of January, with Walmart US chief and long-time company executive, John Furner, set to succeed him, effective Feb. 1.

In a separate statement, the retailer said it will transfer its listing to the Nasdaq, with the stock expected to begin trading on the exchange under its current ticker on Dec. 9.