Overview

• Walmart posted revenue of $177.4 billion for the quarter, topping forecasts, with U.S. comparable sales up 4.6% as it drew more higher‑income shoppers and took share from rivals.
• Adjusted earnings per share came in at $0.68, missing expectations, as operating income fell more than 8% on tariff impacts and discrete legal and restructuring charges.
• Management said tariff-related input costs are rising each week and will continue into the third and fourth quarters, with pricing managed item by item as Walmart absorbs some costs and passes others along; like-for-like U.S. inflation was about 1.1%.
• Global e-commerce sales rose roughly 25% and U.S. online sales increased 26%, while advertising expanded sharply, and the company said e-commerce profitability improved versus the prior quarter.
• Walmart lifted full-year guidance to 3.75%–4.75% net sales growth and $2.52–$2.62 in adjusted EPS, guided $0.58–$0.60 for the current quarter, and saw shares fall roughly 2%–5% on the mixed results.