Walmart Q2 beats on adjusted EPS and revenue; trims Q3 EPS outlook
Walmart reports Q2 adjusted EPS of $0.81 versus $0.74 expected and Q2 total revenues ex. FX of $187.94B versus $186.77B, while guiding Q3 net sales and adjusted EPS in a narrower range.
WMT Walmart RESULTS: Q2, Q2 ADJ EPS $0.81 vs EST $0.74, Q2 total REVs ex.
FX impact $187.94B vs EST $186.77B, Q2 U.S. comp sales ex. fuel +2.6% vs EST +3.8%, Q2 China comp sales +9.7%, Walmart Earnings Notes:, Q2 included 750 bps of net benefit from tariff refunds, Outlook Q3 net sales +3% to +3.75% at constant currency vs EST +4.8%, Outlook Q3 ADJ EPS $0.62 to $0.64 vs EST $0.68, Outlook FY ADJ EPS $2.80 to $2.87 vs EST $2.90, Outlook FY net sales +4% to +5% vs EST +5.3%, Outlook FY CAPEX about 4% of net sales, Q2 U.S. comp sales include 80 bps headwind from health & wellness, Q2 health & wellness comp sales hit by 900 bps impact from maximum fair price implementation under inflation reduction act, Expect over 100 bps headwind to Q3 sales growth related to timing shift of flipkart's bigB days between Q3 & Q4, Q2 ADJ EPS excludes effects, net of tax, from net loss of $0.12 on equity & other investments, net benefit of $0.11 from tax matter, FY27 Walmart U.S. comps reflect about 50 bps tailwind from glp-1 vs. about 100 bps in FY25 & FY26 - presentation