Walmart Q2 Earnings Miss Forecasts Despite Revenue Growth

Walmart shares dipped nearly 3% in pre-market trading after reporting adjusted earnings of $0.68 per share, falling short of the $0.74 consensus. The retail giant's operating income declined 8.2% to $7.2 billion, reflecting margin pressures.

Revenue outperformed expectations, climbing 4.8% to $177.4 billion on strong U.S. comparable sales growth of 4.6%. E-commerce surged 25% globally, with store-fulfilled pickup and marketplace driving gains. International markets saw particular strength, with sales up 5.5% led by China, Mexico and India.

The mixed results highlight the challenges of maintaining profitability amid aggressive price investments. Walmart's grocery and health categories showed resilience, while Sam's Club membership income grew 7.6%—a bright spot in the report.