Overview

• Walmart reported revenue of $177.4 billion with U.S. comparable sales up 4.6% and Sam’s Club comps up 5.9%.
• Adjusted EPS came in at $0.68 versus a $0.74 consensus, with profits weighed by one-time charges including roughly $450 million tied to injury settlements plus restructuring and legal costs.
• The company raised full-year guidance to net sales growth of 3.75%–4.75% and adjusted EPS of $2.52–$2.62, and guided Q3 adjusted EPS to $0.58–$0.60.
• Management said replenishing inventory at post-tariff price levels is lifting costs weekly and likely into Q3 and Q4, prompting 7,400 Rollback discounts and accelerated imports to help hold prices down.
• E-commerce sales rose 25% globally (26% in the U.S.) and the advertising business grew 46%, as the retailer gained share across income cohorts; shares fell several percent as investors focused on the EPS miss and margin pressure, and peers flagged cautious consumer spending into the holidays.