Walmart (WMT) reported better third-quarter fiscal 2025 results than analysts expected Tuesday morning as it registered growing sales and profits, lifting its stock to a new all-time high.

The retail giant reported $169.59 billion in revenue, up from $160.80 billion a year ago and above the $167.72 billion analysts expected, according to Visible Alpha. Walmart's net income came in at $4.58 billion, or $0.57 per share, better than expectations of $4.25 billion and $0.53 per share, respectively.

The company's e-commerce and advertising operations, two of its fastest-growing segments, saw revenue rise by 27% and 28%, respectively, in the quarter. Analysts have said growth in Walmart's high-margin digital advertising business could help offset the net losses Walmart is still recording in e-commerce and improve the company's overall margins.

Walmart has been gaining market share among customers across a variety of income levels in recent quarters, and executives have said the retailer's combination of price and convenience has made it a destination for inflation-weary American consumers.

The retailer also lifted its fiscal 2025 projections, expecting sales to grow between a range of 4.8% to 5.1% year-over-year, up from a previous range of 3.75% to 4.75%. It also raised its adjusted earnings per share (EPS) outlook to a range of $2.42 to $2.47 from $2.35 to $2.43 previously.

Walmart shares, which had gained about 60% for the year entering Tuesday, recently were up about 3% to $86.67 after touching a record $87.88 soon after markets opened.

Walmart Kicks Off Busy Stretch of Retail Earnings

Walmart and home improvement giant Lowe's (LOW) kick off a busy period of retail earnings, with a number of competitors including Target (TGT), TJX Companies (TJX), and BJ's Wholesale Club (BJ) reporting earnings this week.

The reports from some of the nation's biggest retailers will provide a view into the health of the U.S. consumer ahead of the holiday shopping season.

UPDATE—This story has been updated to reflect the latest share price information.