Walmart reported net income of $6.37 billion in the second quarter of fiscal 2027 and adjusted earnings per share of $0.81, above the $0.74 forecast by analysts surveyed by FactSet.
Walmart exceeds expectations in the 2nd fiscal quarter, but guidance disappoints
Walmart reported net income of $6.37 billion in the second quarter of fiscal 2027 and adjusted earnings per share of $0.81, above the $0.74 forecast by analysts surveyed by FactSet. Revenue rose to US$187.94 billion in the quarter ended...
According to the American retail giant, much of the growth came from the 24% increase in e-commerce sales in the US, a number that includes the company's expanding advertising business. US comparable sales - from stores and digital channels operating for at least 12 months - rose 2.6%, the smallest reported quarterly increase in years.
- Performance was hampered by new pharmacy pricing regulations.
- Without this effect, the increase would have been 3.4%, the company reported, still below analysts' estimates of an increase of 3.8%.
Editorial reading aid based only on information contained in this story and its identified source.
Revenue rose to US$187.94 billion in the quarter ended July 31, an increase of almost 6% compared to the same period a year ago and above the US$186.62 billion expected by the market.
According to the American retail giant, much of the growth came from the 24% increase in e-commerce sales in the US, a number that includes the company's expanding advertising business. US comparable sales - from stores and digital channels operating for at least 12 months - rose 2.6%, the smallest reported quarterly increase in years.
Performance was hampered by new pharmacy pricing regulations. Without this effect, the increase would have been 3.4%, the company reported, still below analysts' estimates of an increase of 3.8%.
Despite the strong quarter, the guidance fell short of consensus. Walmart raised its adjusted earnings per share forecast for the full fiscal year to a range of $2.80 to $2.87, from a previous estimate of $2.70 to $2.85. The company also began projecting sales growth of 4% to 5% for the year, above the previous guidance of 3.5% to 4.5%. Analysts expected US$2.90 per share and 5.5% expansion in sales, respectively.
At 8:36 am (Brasília time), Walmart shares fell 6.20% in the New York pre-market.
With information from Dow Jones Newswires.
Read Also: Companies predict lower growth and even recession for 2027, with high interest rates and defaults