Walmart raises full-year sales, operating income guidance
Walmart said second-quarter constant-currency net sales rose 5% and adjusted operating income increased 17.4%, while raising full-year sales guidance to 4%-5% and operating income growth to 7%-8.5%.
On Thursday, Walmart (NASDAQ: WMT ) discussed second-quarter financial results during its earnings call. The full transcript is provided below. This content is powered APIs. For comprehensive financial data and transcripts, visit The full earnings call is available at Summary Walmart Inc.
4%. The company is focusing on strategic initiatives like expanding its Marketplace platform globally, enhancing eCommerce capabilities, and leveraging its physical footprint for faster delivery, which grew 48% this quarter. 5%, despite facing headwinds from maximum fair pricing regulations impacting comp sales by 125 basis points. S.
eCommerce increasing 24% and Marketplace sales up 52%, indicating a strong digital transformation. Management highlighted the importance of price investments, noting 11,000 rollbacks in the quarter to drive market share gains, and expressed confidence in the durability of these gains and the company's omni-channel strategy. Full Transcript OPERATOR Greetings. Welcome to Walmart's second quarter fiscal '27 earnings call.
At this time, all participants are in a listen-only mode. If anyone should require operator assistance during the conference, please press star-0 on your telephone keypad. I'll now turn the conference over to Steph Wissing, Senior Vice President, Investor Relations. Thank you.
You may begin. Steph Wissing, Senior Vice President, Investor Relations Welcome, everyone. Joining me today from our home office in Bentonville are CEO John Furner and CFO John David Rainey. We'll begin with highlights of the previous quarter and our outlook for the year.
Then we'll open the line for your questions. , so we can address as many of your questions as possible. Please limit yourself to one question. For additional detail on our results, including highlights by segment, please see our earnings release and supplemental presentation on our website.
Today's call is being recorded, and management may make forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from these statements. These risks and uncertainties include, but are not limited to, the factors identified in our filings with the SEC. com.
That concludes my introduction. John, over to you. John Furner, CEO Good morning and thanks for joining us. I want to start by thanking our associates around the world.
Their commitment to serving customers and members every day is what drives our business, and the results we delivered this quarter reflect their hard work. This was a good quarter for Walmart and shows once again that our strategy is proving out. We've been investing against it for years, and I'm even more bullish today as we see the pieces increasingly powering each other: a strong retail foundation alongside faster-growing businesses like Marketplace, advertising, and membership. The math isn't simply one plus one equals two.
The value comes from how these businesses work together, with each one strengthening the others and expanding what the company can do as a whole. And as these businesses scale, they become a more meaningful part of our mix and they're changing the shape of our business. We're accelerating growth and improving the overall economics of the company. The model is working, and we're confident in its power to drive durable long-term growth and shareholder value.
The underlying business continued to perform well in the quarter and was largely in line with our expectations, which assumed a slight moderation in sales growth from the first quarter. Overall, we continue to gain market share. We grew units and transactions, and membership fee revenue was at an all-time high on growth of 17%. S.
And we also expanded the reach of platform businesses like Walmart+ and Marketplace to markets outside the United States, demonstrating how we're leveraging these for growth. And as we build and scale these capabilities across markets and begin to operate globally on the platforms we built during the last few years of transformation, we're seeing the same dynamic. These businesses work together, deepen our relationship with customers and members, and create additional opportunities for growth and stronger economics. Our core retail business had another strong quarter with sales growth at the top end of our guidance, up 5% in constant currency.
S. S. 4%. 9%, led by China and India.
, I feel good about how the underlying business is performing. The team delivered strong sales growth in categories like toys, pantry, and fresh, and we continue to see growth from higher-income households. Changes in regulation around maximum fair pricing for certain drugs negatively impacted comp sales by 125 basis points. John David will share more about the makeup of the U.