Overview
- Revenue rose to $177.4 billion, topping estimates, with U.S. comparable sales up 4.6% and global e-commerce up about 25% as one-third of store-fulfilled deliveries arrived within three hours.
- Adjusted earnings per share were $0.68, below roughly $0.73–$0.74 expected, while GAAP net income increased to $7.03 billion.
- Walmart lifted its full-year guidance to net sales growth of 3.75%–4.75% and adjusted EPS of $2.52–$2.62, and it projected third-quarter sales of about $168 billion.
- The retailer expanded promotions with more than 7,400 rollbacks and 30% more grocery discounts, and said marketplace sales grew about 40%.
- Shares slipped roughly 2%–3% in early trading as investors weighed margin pressure and the EPS miss, contrasting Walmart’s resilient sales with Target’s ongoing negative comps and leadership transition.