Overview

• Walmart posted Q2 revenue of $177.4 billion, topping estimates, while adjusted EPS of $0.68 missed the Street’s roughly $0.74 forecast.
• U.S. comparable sales rose 4.6% with Sam’s Club up 5.9%, and global e-commerce grew about 25% on stronger delivery, marketplace and advertising momentum.
• Management lifted full-year net sales growth guidance to 3.75%–4.75% and now expects adjusted EPS of $2.52–$2.62, with Q3 EPS guided to $0.58–$0.60.
• Tariff-related costs are climbing as post-tariff inventory is replenished, and Walmart is accelerating imports, deploying Rollbacks and taking selective price increases to manage the impact.
• Profit was also pressured by roughly $450 million in injury-related settlements and other charges, and shares fell about 2%–5% as investors weighed margin strain against ongoing market-share gains including among higher-income shoppers.