Walmart's attention to lower prices, e-commerce is paying off as costs rise and rates rise.

The latest results from Walmart Inc. show that its massive investments in low-cost strategies and digital are paying off, analysts say.

Walmart

WMT, -1.97%

posted same-store sales growth of 3.4% in the United States and 6.1% over two years. Online sales increased by 43%. Total revenue of $ 124.9 billion did not reach FactSet consensus of $ 125.38 billion, but adjusted earnings per share of $ 1.08 was higher than forecast of FactSet, which amounted to $ 1.02.

Walmart's focus on "daily low prices" comes up against the tariff threat to which society has risen.

Chief Financial Officer, Brett Biggs, said he was actively working with traders and other stakeholders in anticipation of the potential negative impact of rates. But he also expressed confidence that the retail giant can handle what could happen.

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"We can win in any environment we face," he said.

Stifel analysts agree on this point and said in a note on Thursday that they "continue to view Walmart's strategy of investing favorably in prices and e-commerce" because of sales results. comparable.

Stifel Walmart stock rates hold with a price target of $ 105. Stifel also discussed Walmart in a Tuesday note based on its exclusive survey of consumer spending.

"[W]e think that the rise in consumer prices (94% of respondents indicated a rise in prices of grocery products and 76%, an increase in prices of packaged consumer products) could benefit Walmart traffic during In the quarter, 36% of consumers view Walmart as the lowest-cost grocery supplier, the highest among our surveyed retailers and an indication of the success of ongoing price investments that should allow the company to maintain its dominant position on prices, "Stifel analysts wrote in its report.

On the digital front, Walmart has redesigned its website, expanded its online grocery store and taken a number of steps to become an e-commerce leader, surpassing Apple Inc.

AAPL, + 2.27%

According to eMarketer, this year, though still inaccessible to Amazon.com Inc.

AMZN, + 0,90%

in the first place.

Walmart also added a number of new brands through acquisitions, although Marc Lore, chief executive of Walmart E-Commerce US, told reporters that the contribution of these brands to growth was still low.

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GlobalData Retail CEO Neil Saunders highlights Walmart's online results (fueled by the strength of the US economy) in its latest rating, with a growing market share "across all major categories of online services ".

"Our tracking data shows a growing level of satisfaction with Walmart's online proposal and, very satisfactorily, an increased level of traction among young buyers," he wrote. "That said, there is still a lot of work to be done to make Walmart.com the first stop for buyers who are accustomed to failing Amazon and are increasingly locked into the online giant's ecosystem."

Analysts remained optimistic about Walmart's results and the holiday season.

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"The operation of its extensive store network as a key driver of its tremendous online growth on a sizeable basis continues apace, with its grocery business leading the way, and we expect the expansion of picking up in the foreseeable future, generating further market share gains in this key category, "said Charlie O. Shea, senior retail analyst at Moody's.

Walmart shares rose 0.7% over the past year, while the Dow Jones Industrial Average

DJIA, + 0.67%

is up almost 1% for the period.