Overview

• Second-quarter revenue rose 4.8% to $177.4 billion, with U.S. comparable sales up 4.6% and global e-commerce growing about 25% (26% in the U.S.).
• Adjusted earnings per share came in at $0.68, missing Wall Street forecasts as higher labor and legal expenses included roughly a $450 million claims charge.
• The stock fell about 4% on the results, weighing on the Dow Jones, in the retailer’s first EPS miss in more than three years.
• Management lifted full-year guidance to net sales growth of 3.75%–4.75% and adjusted EPS of $2.52–$2.62.
• Executives said tariffs are raising costs weekly, prompting 7,400 temporary price rollbacks, accelerated import timing, and selective price increases on roughly 10% of imported goods as lower- and middle-income shoppers trim discretionary purchases.