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Walmart published better-than-expected financial results for the second quarter, though the company's stock fell approximately 8% in pre-market trading. The primary concern for investors was the lower-than-anticipated growth in comparable sales at U.S. stores.

The company's adjusted earnings per share reached $0.81, while analysts had expected an average of $0.74. Revenue totaled $187.9 billion, representing 5.9% year-over-year growth and also exceeding the $186.75 billion forecast.

Despite the strong quarter, Walmart's comparable sales at U.S. stores, excluding fuel, grew only 2.6%, whereas market consensus anticipated 3.67% growth. This figure represents the slowest pace of U.S. sales growth for approximately the past six years. David Bellinger, an analyst at Mizuho, called the results "the worst-case scenario."

In contrast, Walmart's global e-commerce sales increased 23%, aided particularly by in-store order pickup and delivery services. The company's global advertising business expanded 38%, while Walmart's U.S. advertising revenue also grew 38%.

The company also improved its financial guidance. For fiscal year 2027, adjusted earnings per share are now expected to be in the range of $2.80–$2.87, compared to the previous guidance of $2.75–$2.85. The annual sales growth forecast was also raised from 3.5%–4.5% to 4%–5%.

Walmart President and Chief Executive Officer John Furner stated that the company posted another strong quarter and continues to make progress toward long-term growth.

Additionally, the company noted that tariff-related amounts received in the second quarter will be used in the second half of the year to enhance customer experience and improve pricing.