Walmart Inc WMT announced strong second-quarter results on Thursday and raised its full-year forecast.

The retailer reported adjusted earnings per share of 67 cents (+9.8% y/y), beating the consensus forecast of 64 cents. Revenue was $169.34 billion, up 4.8% year over year or 5.0% in constant currency, beating the consensus forecast of $168.57 billion.

Walmart expects third-quarter adjusted earnings per share of $0.51 to $0.52 (consensus was $0.55), and revenue guidance is $164.58 billion to $166.17 billion (compared to the estimate of $167.11 billion).

For fiscal 2025, the wholesaler raised its adjusted earnings per share forecast to $2.35-$2.43 (from $2.23-$2.37), compared to consensus of $2.43. Walmart raised its net sales growth forecast (in constant currency) for fiscal 2025 to 3.75-4.75% from 3.0-4.0%.

Walmart shares rose 6.6% on Thursday to close at $73.18.

These analysts changed their price targets for Walmart following the earnings announcement.

Joe Feldman, analyst at Telsey Advisory Group, maintained an “outperform” rating on Walmart and raised the price target from $75 to $82.

Morgan Stanley analyst Simeon Gutman kept Walmart at “overweight” and raised the price target from $75 to $82.

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