Walmart (WMT) Stock Slides 6% Despite Earnings Win. Here’s Why
TLDR
- Walmart posted Q2 adjusted EPS of $0.81, beating the $0.74 analyst estimate
- Revenue came in at $187.9 billion, up 5.9% year-over-year, topping forecasts
- U.S. comparable sales grew just 2.6%, missing the 3.67% consensus estimate
- Full-year adjusted EPS guidance was raised but came in below analyst expectations
- WMT stock fell 6% in premarket trading Thursday
Walmart stock dropped 6% in premarket trading Thursday after the retailer’s U.S. comparable sales growth came in well below what Wall Street was expecting, despite beating on earnings and revenue.
WMT was trading around $107.40 in premarket, down from $114.30.
Adjusted EPS for the second quarter came in at $0.81, beating the analyst consensus of $0.74. Revenue reached $187.9 billion, up 5.9% year-over-year, topping the $186.75 billion estimate.
The problem was comparable sales. Walmart-only U.S. stores saw comp sales grow just 2.6%, well short of the 3.67% consensus estimate. That marks the slowest U.S. sales growth in six years.
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