Walmart hikes full-year outlook, says it will use huge tariff refund to keep prices low
Walmart said it will use a $2.9 billion tariff refund to cut prices on 11,000 items as it lifts full-year sales and profit forecasts.
- On August 20, 2026, Walmart Inc. reported Q2 revenue of $187.9 billion and adjusted EPS of $0.81, both beating expectations, yet shares fell 9% as U.S. comparable sales growth slowed to 2.6%.
- Reinvesting nearly $3 billion in tariff refunds, Walmart aims to lower shelf prices as management confirmed receiving substantially all eligible funds. These refunds bolstered operating income while enabling aggressive price cuts on groceries and general merchandise.
- Rising gas prices topping $4 per gallon and new Medicare pharmacy pricing rules reduced comparable sales growth by 80 to 90 basis points. CFO John David Rainey noted "June was a little more obvious as we look at the quarter in terms of customers making tradeoffs."
- Wealthier shoppers continue trading down, with largest market share gains coming from households earning over $100,000 annually. This value-seeking behavior across income groups partially offsets the broader deceleration in consumer spending.
- Management raised full-year adjusted EPS guidance to $2.80–$2.87, signaling confidence in digital and membership growth. However, Q3 earnings guidance of 62 to 64 cents trails analyst expectations, reflecting cautious near-term outlook.
189 Articles
189 Articles
Walmart Posts Slowest U.S. Sales Growth in Six Years as Consumers Tighten Spending
Walmart reported its slowest U.S. comparable sales growth in six years during its latest quarter, as higher gas prices, cautious consumer spending and changes in pharmacy pricing weighed on the retail giant’s results. U.S. comparable sales, which measure sales from stores and digital channels operating for at least 12 months, increased 2.6%. It was Walmart’s […]
Walmart (NYSE: WMT) Stock Tumbles 9% In Worst Single-Day Drop Since 2022 — Should Investors Buy The Dip?
Walmart (NYSE: WMT) shares suffered their steepest single-day decline since May 2022, falling 9% after the retail giant delivered disappointing guidance and weaker-than-expected comparable sales figures. The drop marks Walmart’s worst one-day performance since May 17, 2022, when shares shed 11%, raising fresh questions about the near-term trajectory of the world’s largest retailer. Investors were rattled by U.S. comparable sales growth of just 2…
Walmart's Speed Obsession Powers E-Commerce Surge Even as Shoppers Tighten Belts
Walmart delivered another quarter of outsized online growth. Yet its shares tumbled more than 9% after the bell. The numbers tell two tales at once. Revenue climbed 5.9% to $187.9 billion. Adjusted earnings topped forecasts. But U.S. comparable sales rose just 2.6%. That marked the weakest quarterly gain in more than six years. The slowdown reflected caution among some buyers. Higher gas prices weighed on minds. New pharmacy pricing rules shaved…
Bizpac Review
Tennessee StarWalmart posts slowest sales numbers in years, blames Iran war-driven gas prices for belt-tightening
Walmart posted its slowest U.S. sales growth in more than six years Thursday as executives pointed to higher gas prices following the Iran war as one factor […]
Walmart sales slowdown tests consumer resilience
NEW YORK — Walmart reported its slowest quarterly comparable sales growth in six years on Aug. 20 and warned shoppers were likely being squeezed by high gasoline prices, stoking concerns that pressure on U.S. consumers is mounting.
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