Walmart strong again in second quarter, but its outlook is reserved
Summary
Walmart reported a strong second quarter with sales and earnings above expectations, though growth has slowed compared to earlier in the year. The company is cautious about its outlook for the rest of 2025, projecting slower sales and earnings growth than analysts had expected.Key Facts
- Walmart’s comparable sales in U.S. stores and online rose 2.6% in Q2, down from 4.1% in Q1.
- Excluding pharmacy sales affected by Medicare drug price caps, comparable sales increased 3.4%.
- U.S. online sales grew 24% in Q2, slightly less than the 26% increase in Q1.
- Walmart’s net income was $6.37 billion, or 80 cents per share, beating Wall Street’s 74-cent estimate.
- Quarterly sales totaled $187.94 billion, higher than the predicted $186.62 billion.
- Walmart expects Q3 earnings per share between 62 and 64 cents and sales growth of 3% to 3.5%, below analyst expectations.
- For the full year, Walmart projects earnings per share to be $2.80 to $2.87 and sales growth between 4% and 5%.
- The company has gained market share among wealthier customers with incomes over $100,000 annually.
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