Walmart shares tumbled more than 9% on Thursday after the retailer reported weaker-than-expected US comparable sales, raising questions over whether the selloff has created an attractive entry point for investors even as debate over the stock's valuation continues. The selloff came despite Walmart beating Wall Street estimates for both revenue and adjusted earnings and raising its full-year financial forecasts.
Walmart (WMT) delivered an overall solid release on Thursday, beating expectations on both the top and bottom lines while raising its full-year outlook. Still, shares moved sharply lower following the release.
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U.S. stocks fell as the brief calm in the bond market evaporated.
UBS senior research analyst Michael Lasser used a CNBC appearance Thursday morning to reframe the narrative around Walmart (NYSE:WMT | WMT Price Prediction) after the retailer's fiscal Q2 report landed with a soft same-store sales number.
Walmart (WMT) issued cautious Q3 and full-year EPS guidance below consensus, citing reinvestment of tariff refunds into customer rollbacks. Alibaba (BABA) is down but off its lows post-earnings as investors weigh a sharp increase in AI spending against accelerating cloud growth.
WMT's second-quarter earnings and revenues beat estimates as e-commerce, advertising and membership growth helped lift its fiscal 2027 outlook.
Walmart Inc. (WMT) Q2 2027 Earnings Call Transcript
Years of inflation, promotions, personalized discounts and constantly shifting online prices have made shoppers better at finding deals. They have also made it harder for shoppers to know what anything is supposed to truly cost, a fact that is being sharpened against a backdrop of weakening shopper confidence and a globally softening macro environment.
Walmart's NYSE: WMT near-term hurdle is weaker-than-expected Q2 sales in North America. The issue, foreshadowed by weak July retail sales, led to a 5% price drop, taking the stock to near its 52-week low.
The signal from the country's biggest retailer just got loud. Walmart (NYSE:WMT | WMT Price Prediction) reported Q2 US comparable sales growth of 2.6% versus the 3.5% Wall Street expected, the weakest US sales growth in over six years, and shares are down 8.77% on the session to $104.28.
Walmart has received almost $2.9 billion in federal tariff refunds.