Walmart beats earnings expectations, but shares tumble as U.S. consumer growth slows
📊 Walmart reported Q2 revenue of $187.9 billion, up 5.9% year over year and above market expectations, while adjusted EPS came in at $0.81, beating forecasts of roughly $0.73–$0.74.
🛒 However, U.S. comparable sales rose only 2.6%, well below expectations of 3.5–3.8%. The slowdown pointed to softer consumer demand, even as global eCommerce sales remained strong with 23% growth.
📉 Walmart also guided Q3 adjusted EPS to $0.62–$0.64, below expectations of about $0.68. Shares reacted sharply, falling around 8–9.5% during the session.
📈 The company still raised its full-year revenue growth outlook to 4–5% and adjusted EPS guidance to $2.80–$2.87, suggesting investors are currently focusing more on near-term growth risks and the health of U.S. consumers.
#Walmart
$WMTon $BNB $BGB
📊 Walmart reported Q2 revenue of $187.9 billion, up 5.9% year over year and above market expectations, while adjusted EPS came in at $0.81, beating forecasts of roughly $0.73–$0.74.
🛒 However, U.S. comparable sales rose only 2.6%, well below expectations of 3.5–3.8%. The slowdown pointed to softer consumer demand, even as global eCommerce sales remained strong with 23% growth.
📉 Walmart also guided Q3 adjusted EPS to $0.62–$0.64, below expectations of about $0.68. Shares reacted sharply, falling around 8–9.5% during the session.
📈 The company still raised its full-year revenue growth outlook to 4–5% and adjusted EPS guidance to $2.80–$2.87, suggesting investors are currently focusing more on near-term growth risks and the health of U.S. consumers.
#Walmart
$WMTon $BNB $BGB