Walmart Inc.Walmart beat Q2 estimates but issued soft Q3 guidance, and U.S. sales growth disappointed investors, sending shares lower.
Walmart reported second-quarter results that beat analyst expectations while issuing softer-than-expected guidance for the current quarter and raising its full-year outlook. The retail giant posted non-GAAP earnings per share of $0.81, exceeding estimates by $0.07, and revenue of $187.94 billion, surpassing forecasts by $1.12 billion. Despite the beat, Walmart's U.S. sales growth disappointed investors, sending shares lower along with Target and Costco. The company's updated full-year guidance reflects improved expectations for the remainder of the fiscal year.
Walmart Inc.Walmart beat Q2 estimates but issued soft Q3 guidance, and U.S. sales growth disappointed investors, sending shares lower.
Costco Wholesale CorpWalmart's disappointing U.S. sales growth dragged down retail sector peers including Costco.
Target CorporationWalmart's disappointing U.S. sales growth dragged down retail sector peers including Target.