Walmart misses by $0.05, reports revs in-line, U.S. comps (ex fuel) of +4.6%; guides Q3 EPS above consensus; reaffirms FY26 EPS guidance (102.57)
- Reports Q2 (Jul) earnings of $0.68 per share, $0.05 worse than the FactSet Consensus of $0.73; revenues rose 4.8% year/year to $177.4 bln vs the $175.94 bln FactSet Consensus.
- Walmart U.S. Comp sales (ex fuel) of +4.6%.
- Sam's Club U.S. comps (ex fuel) of +5.9%.
- Global eCommerce sales grew 25%, led by store-fulfilled pickup & delivery and marketplace.
- Global advertising business3 grew 46%, including VIZIO; Walmart Connect in the U.S. up 31%.
- Gross margin rate up 4 bps, led by Walmart U.S.
- Co issues upside guidance for Q3, sees EPS of $0.58-$0.60, excluding non-recurring items, vs. $0.57 FactSet Consensus. Sees net sales up 3.75-4.75% in constant currency.
- Co reaffirms guidance for FY26, sees EPS of $2.52-$2.62, excluding non-recurring items, vs. $2.62 FactSet Consensus. Reaffirms net sales growth of 3.75-4.75% in constant currency