Just after the opening bell, Yahoo Finance Executive Editor Brian Sozzi takes a closer look at some of the top stories on Wall Street. Retail giants Walmart and Target are in focus after reporting quarterly earnings.
Walmart's eCommerce momentum continues unabated, as price-conscious customers pivot to digital channels for everyday items, notably grocery. The company's Thursday (Aug. 21) earnings release indicated that eCommerce sales were 26% higher than a year ago and digital sales for grocery were up double digits.
U.S. equities were lower at midday on higher-than-expected initial jobless claims and concerns about retail. The Dow Jones Industrial Average, S&P 500, and Nasdaq all fell.
Walmart Inc. (NYSE:WMT ) Q2 2026 Earnings Conference Call August 21, 2025 8:00 AM ET Company Participants C. Douglas McMillon - President, CEO & Director Christopher Nicholas - Executive VP, President & CEO of Sam's Club U.S. John David Rainey - Executive VP & CFO John R.
Initial Jobless Claims jumped to their highest levels since June, to 235K for last week.
Shares of Walmart Inc Inc (NYSE:TJX) are down 4.3% to trade at $98.15, after the retailer missed earnings estimates for the first time since 2022, reporting profits of 68 cents per share.
Walmart Inc (NYSE:WMT, ETR:WMT) shares moved lower as the company reported an earnings miss for the second quarter and said it is experiencing higher costs due to tariffs. For the quarter, the grocery giant posted earnings per share (EPS) of $0.68, below estimates of $0.74.
While the top- and bottom-line numbers for Walmart (WMT) give a sense of how the business performed in the quarter ended July 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
The world's biggest retailer posted quarterly revenue of $177.4 billion — a hefty 4.8% jump that sailed past Wall Street's $175.9 billion target.
Walmart (WMT) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.67 per share a year ago.
Walmart increases discounts with more than 7,400 rollbacks and 30% more grocery discounts in the second quarter, driving 4.6% same-store sales growth amid economic uncertainty.