Walmart, Ross, Advance Auto report mixed quarterly results and guidance
Walmart, Ross Stores and Advance Auto Parts reported quarterly results and outlooks, while MARA Holdings rose with bitcoin and SpaceX fell after Elon Musk denied Cognition AI acquisition rumors.
Major U.S. indices sold off on Thursday, with the Dow Jones Industrial Average falling 1.32% to 52,759.21, the S&P 500 declining 0.87% to 7,641.16 and the Nasdaq dropping 1% to 26,067.16.
These movements were influenced by rising Treasury yields, with the 10-year yield climbing over 5 basis points to 4.706% and the 30-year yield reaching 5.251%.
These are the top stocks that gained the attention of retail traders and investors through the day: Walmart Inc. (NASDAQ: WMT ) Walmart’s stock dropped by 9.15%, closing at $103.84.
The stock hit an intraday high of $107 and a low of $102.85, with a 52-week range between $135.16 and $95.42.
The decline followed a report of the company’s slowest U.S. sales growth since 2020.
Walmart reported second-quarter adjusted EPS of 81 cents and sales of $187.9 billion, beating estimates of 74 cents and $186.8 billion, respectively.
Global e-commerce sales rose 23%, while global advertising revenue increased 38% and membership fee revenue grew 17%.
The retailer raised its fiscal 2027 adjusted EPS outlook to $2.80-$2.87 but issued third-quarter guidance below expectations, forecasting adjusted EPS of 62-64 cents versus the 68-cent consensus and sales of $183.1-$184.5 billion versus $188.3 billion.
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The stock’s intraday high was $232.94, with a low of $228.05, and a 52-week range between $257 and $143.39.
In the after-hours session, the stock shot up 8.63% to $248.75.
Ross Stores reported second-quarter revenue of about $6.27 billion and EPS of $2.66, beating estimates of $6.18 billion and $1.94, respectively.
Revenue rose 13% year over year, while comparable-store sales increased 10%, driven primarily by higher customer traffic.
The retailer raised its full-year EPS outlook to $8.61-$8.77 from $7.50-$7.74, above the $7.79 consensus estimate, and also issued third-quarter EPS guidance of $1.75-$1.83 and fourth-quarter guidance of $2.17-$2.26, both above analyst expectations.
Advance Auto Parts Inc. (NYSE: AAP ) Advance Auto Parts experienced a significant drop of 24.55%, closing at $42.39.
The stock reached an intraday high of $47.37 and a low of $40.66, with a 52-week range between $65.21 and $37.89.
Advance Auto Parts reported second-quarter sales of $2.0 billion, with comparable-store sales declining 0.5%.
Adjusted operating income rose to $112 million from $61 million a year earlier, while adjusted EPS increased to $1.03 from 69 cents, including a $26 million tariff refund that contributed about 31 cents to adjusted EPS.
The company reaffirmed its full-year 2026 sales, adjusted operating margin, capital expenditure and free cash flow guidance, while revising adjusted EPS guidance to reflect higher interest income.
Advance Auto Parts also repurchased $30 million of debt, lowering net leverage to 2.1x from 2.4x in the first quarter.
MARA Holdings Inc. (NASDAQ: MARA ) MARA Holdings surged by 15.54%, closing at $11.15.
The stock’s intraday high was $11.19, with a low of $9.96, and a 52-week range between $23.45 and $6.66.
The rise was driven by Bitcoin’s (CRYPTO: BTC) rally, as the cryptocurrency broke above $72,000 following a White House crypto summit.
Space Exploration Technologies Corp. (NASDAQ: SPCX ) SpaceX’s stock fell by 4.05%, closing at $134.
The stock hit an intraday high of $137.88 and a low of $130.39, with a 52-week range between $225.64 and $104.83.
CEO Elon Musk denied rumors of the company attempting to acquire AI startup Cognition AI, clarifying that discussions were only about ensuring Grok’s functionality.
Edge Stock Rankings indicate Walmart stock has a Momentum score in the 20th percentile and a Value score in the 46th percentile.
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