Bearish
Walmart's Q2 sales growth slows to 2.6%, shares drop 9% amid cautious outlook
Walmart reported its weakest U.S. same-store sales growth in over six years, with a 2.6% increase in the second quarter, falling short of Wall Street's 3.5% expectation. Despite raising its full-year net sales outlook from 3.5%–4.5% to 4%–5%, investors were disappointed, leading to an 8.9% drop in shares.
Key points
- Walmart's Q2 U.S. same-store sales growth of 2.6% misses Wall Street's 3.5% expectation.
- The company raised its full-year net sales outlook to 4%–5%, up from 3.5%–4.5%.
- Shares fell 8.9% following the earnings report, reflecting investor concerns.
- Walmart plans to reinvest $2.9 billion in tariff refunds into lowering prices on 11,000 items.
Sources
AI-generated from public news sources. Not financial advice.
