Walmart hikes full-year outlook, says it will use huge tariff refund to keep prices low
The retailer lifted full-year sales and profit targets after strong online growth and said it will keep using tariff refunds to lower prices.
- Walmart reported quarterly sales above Wall Street expectations and raised its full-year outlook, citing strong business performance and tariff refunds.
- Revenue increased 5.9% in the fiscal second quarter, while global e-commerce sales surged 23%.
- U.S. comparable sales rose 2.6%, although growth was below analysts’ 3.5% estimate, partly due to weaker health and wellness sales.
42 Articles
42 Articles
Net profit collapses by 9.4%, to $6.36 billion and the bond yields 8% in premarket to Wall Street. The GLP-1's demand pulls the accounts and the reimbursements of the duties lead to a revision of the guidance
Walmart did not meet Wall Street's expectations for comparable sales in the second quarter of the fiscal year 2027, amidst the most contained expenditures of American consumers The world's largest retailer, however, slightly raised its annual targets for the first time this year and the CEO, John Furner, highlighted the growth of the electronic commerce division. The results provide an important indication of the retailer's ability to attract pr…
Associated Press News
Walmart strong again in second quarter, but its outlook is reserved
Walmart reported another strong performance in the second quarter Thursday, but that was overshadowed by a more cautious outlook for the year.
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