Walmart is set to release its fiscal third-quarter earnings on Thursday, offering insight into consumer spending trends ahead of the holiday season. Analysts expect earnings per share of 60 cents and revenue of $177.43 billion. The retail giant, popular among various income groups, can shed light on U.S. consumer health and the impact of short-term factors like SNAP benefits. Walmart has attracted more high-income customers seeking value and convenience. In August, Walmart raised its full-year sales and profit forecast, expecting net sales to rise between 3.75% and 4.75% for the fiscal year. Walmart CFO John David Rainey noted that consumer behavior has remained resilient. Walmart’s upcoming financial results will follow cautious updates from Target, Home Depot, Lowe’s, who lowered their full-year profit outlook. TJX, parent company of T.J. Maxx and Marshalls, raised its full-year forecast, citing a strong start to the holidays for value-conscious shoppers. Walmart’s upcoming earnings report will be the first since the announcement of John Furner succeeding longtime CEO Doug McMillon on Feb. 1. Under McMillon’s leadership, Walmart has seen significant stock gains and e-commerce growth, with shares up by over 300%.

Read more at CNBC: Walmart (WMT) Q3 2026 earnings