Walmart loses nearly $90 bln in value after Q2 comparable sales miss

Walmart

20/08/2026 16:45

Updates
** Shares of retail giant Walmart WMT.O down as much as 9.86% to a near nine-month low of $103.03, losing almost $90 billion in valuation
** If losses persist, stock on track for its worst day since May 2022
** Co misses Q2 sales estimates for the first time in at least five years as inflation and higher gas prices tighten budgets
** Q2 U.S. same-store sales growth of 2.6%, misses expectations of 3.8% — data compiled by LSEG
** Logs Q2 adjusted EPS of 81 cents, topping estimates of 74 cents
** Co also slightly raises annual forecasts
** Stock falling is a "good opportunity" as expectations are now rebased, UBS analysts say
** Investors will question the valuation with Walmart US growth rate, RBC Capital Markets says, although arguing this is a broader macro dynamic, and not indicative of WMT share gains moderating
** Shares of retailers Kroger down ~1%, Costco, Albertsons down 2%, each; meanwhile Dollar Tree down ~1%; Ross Stores, TJX down ~3% each
** YTD up to last close, S&P 500 Consumer Discretionary Distribution & Retail Index .SPXRT down 8.3%, while WMT up ~3% YTD


 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))