Reported 3 days ago
Walmart's stock dropped 4.5% after the company reported second-quarter earnings that fell short of expectations, despite US sales growth surpassing forecasts. The retailer's low-price strategy attracted customers amid tariff uncertainties, with same-store sales increasing by 4.6%. While revenue exceeded predictions at $177.4 billion, adjusted earnings per share of $0.68 were below analyst forecasts. Walmart projected net sales growth for fiscal 2026 to be between 3.75% and 4.75%, and continues to focus on its grocery and health categories, though it anticipates price increases in the latter half of the year as inventory costs rise.
Source: YAHOO