Walmart's Q2 US same-store sales rise less than expected; FY outlook raised

Walmart

20/08/2026 12:12

Overview
U.S. retailer's fiscal Q2 revenue grew 5.9% yr/yr
Adjusted EPS for fiscal Q2 beat analyst expectations
Company's operating income rose 28.8%, boosted by tariff refunds
Company's quarterly U.S. same-store sales rose 2.6%, compared with analyst estimates of a 3.8% increase

Outlook
Walmart raises FY27 net sales outlook to 4.0% to 5.0% growth in constant currency
Company raises FY27 adjusted operating income outlook to 7.0% to 8.5% growth in constant currency
FY27 adjusted EPS is expected to be $2.80 to $2.87

Result Drivers
ECOMMERCE GROWTH - Global eCommerce sales rose 23%, led by store-fulfilled pickup & delivery and marketplace
ADVERTISING REVENUE - Global advertising business increased 38%, with strength across segments
TARIFF REFUNDS - Operating income benefited from tariff refunds, partially offset by price investments

Company press release: ID:nBw1nG5jma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$187.9 bln
 
Q2 Adjusted EPS
Beat
$0.81
$0.74 (32 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 39 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food retail & distribution peer group is "buy"
Wall Street's median 12-month price target for Walmart Inc is $140.00, about 22.5% above its August 19 closing price of $114.30
The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 44 three months ago

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Aug 20 - Grocery e-commerce firm Dingdong Q2 profit jumps on higher orders

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)