Walmart Inc (NYSE: WMT) reported upbeat sales results for the third quarter on Thursday.
Walmart reported third-quarter FY24 sales growth of 5.2% year-over-year to $160.8 billion, beating the consensus of $159.55 billion, according to data from Benzinga Pro. Adjusted EPS was $1.53, above $1.50 for the same quarter last year, beating the consensus of $1.52.
For FY24, Walmart now sees adjusted EPS guidance of $6.40-$6.48 (prior $6.36-$6.46) versus an estimate of $6.48. The company raised its FY24 net sales growth (cc) outlook from 4%-4.5% to 5.0%-5.5%.
With Walmart reporting upbeat quarterly earnings, some investors may be eyeing potential gains from the company’s dividends. As of now, Walmart has a dividend yield of 1.46%, which is a quarterly dividend amount of 57 cents a share ($2.28 a year).
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