Overview
- Walmart, which reported fiscal second‑quarter results on Thursday, Aug. 20, beat estimates with about $187.9 billion in revenue and $0.81 in adjusted earnings per share.
- U.S. comparable‑store sales grew just 2.6%, the slowest pace since 2020, a shortfall the company said reflected roughly 80 basis points from new pharmacy‑pricing rules and softer spending as gasoline topped $4 per gallon.
- The company received about $2.9 billion in tariff refunds and said it will deploy much of that money into temporary price rollbacks and lower shelf prices to try to drive traffic and share.
- Walmart’s e‑commerce business rose about 23% and its advertising business surged roughly in the high‑30s percent range, and management raised full‑year FY27 sales and EPS guidance despite the comp weakness.
- Investors sold off the stock, knocking it down roughly 9% in one day and prompting several firms to cut price targets while many kept Buy ratings, leaving markets to watch whether price investment will produce sustained sales gains next quarter.