The earnings call highlighted strong sales growth, particularly in e-commerce and international markets, and significant advancements in AI and technology. However, profit growth was hindered by increased claims expenses and tariff-related cost pressures. Despite these challenges, the company remains optimistic about its strategic initiatives and future growth prospects.

Company Guidance -

Q3 2026

During Walmart Inc.'s Second Quarter Fiscal Year 2026 earnings call, the company reported strong top-line results, with global sales increasing by 5.6% in constant currency. E-commerce sales grew by 25% globally, and Walmart US and Sam's Club US led with 26% growth, driven by faster delivery speeds. International sales rose by 10.5%, with China, Walmex, and Flipkart contributing significantly. Sam's Club US achieved a 5.9% comp sales increase, while Walmart US saw 4.6% comp sales growth, driven by strong performance in categories like apparel and automotive. The company gained market share both in the US and internationally, with global advertising growth of 46% and membership income up 15%. Despite a headwind of 560 basis points from increased expenses related to general liability claims in the US, adjusted operating income grew by 0.4% in constant currency. Walmart Inc. aims to grow profit faster than sales throughout the fiscal year, with inventory up 3.8% globally and 2.2% in Walmart US. The company highlighted its focus on maintaining low prices amidst tariff-related cost pressures and leveraging artificial intelligence to enhance customer service and operational efficiency.

Strong Top-Line Growth

Sales increased by 5.6% in constant currency, with e-commerce sales growing 25% globally. Walmart US and Sam's Club US led with 26% growth in e-commerce sales.

Growth in International Sales

International sales grew by 10.5% in constant currency, led by China, Walmex, and Flipkart.

Advertising and Membership Growth

Global advertising grew by 46%, including Visio. Membership income increased by 15% globally.

Sam's Club US Performance

Sam's Club US delivered a strong comp of 5.9% driven by unit growth.

AI and Technology Initiatives

Introduction of AI roles, with a focus on accelerating AI integration in operations and customer interactions.

Improvement in E-commerce Delivery Speed

Approximately one-third of store deliveries were completed in under three hours, with 20% in thirty minutes or less.

Walmart (DE:WMT) Earnings, Revenues Date & History

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DE:WMT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 20, 2025	2026 (Q3)	0.49 / -	0.498	―	―	―
Aug 21, 2025	2026 (Q2)	0.63 / 0.58	0.575	1.49% (<+0.01)
May 15, 2025	2026 (Q1)	0.49 / 0.52	0.515	1.67% (<+0.01)
Feb 20, 2025	2025 (Q4)	0.55 / 0.57	0.515	10.00% (+0.05)
Nov 19, 2024	2025 (Q3)	0.46 / 0.50	0.438	13.73% (+0.06)
Aug 15, 2024	2025 (Q2)	0.55 / 0.58	0.526	9.30% (+0.05)
May 16, 2024	2025 (Q1)	0.45 / 0.52	0.421	22.45% (+0.09)
Feb 20, 2024	2024 (Q4)	0.47 / 0.52	0.489	5.26% (+0.03)
Nov 16, 2023	2024 (Q3)	0.44 / 0.44	0.429	2.00% (<+0.01)
Aug 17, 2023	2024 (Q2)	0.49 / 0.53	0.507	3.90% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:WMT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 15, 2025	€86.21	€85.42	-0.92%
Feb 20, 2025	€99.07	€92.59	-6.54%
Nov 19, 2024	€78.93	€81.90	+3.76%
Aug 15, 2024	€61.33	€66.22	+7.97%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.