Walmart's stock fell 8% following its Q2 FY27 report, which showed revenue growth above estimates but the slowest U.S. same-store sales growth since 2020 at 2.6%, below forecasts. The company also issued weaker Q3 guidance, citing a timing shift in Flipkart's major sale event as a factor. Despite raising full-year outlook slightly, Walmart's valuation and slowing core sales growth pressured the stock. Investors will watch Q3 results for clarity on the Flipkart impact and underlying business trends.
Walmart reported a 5.9% revenue increase to $187.9 billion, beating expectations and raising its full-year outlook, but its U.S. comparable sales grew just 2.6%, disappointing investors. The main cause was falling prescription drug prices in its phar...
Walmart reported a 24% increase in U.S. e-commerce sales in the second quarter, fueled by strong performance in store-fulfilled pickup, delivery, advertising, and its online marketplace. This growth contributed to a 5.9% rise in total revenue to $187...
Amazon announced plans to expand its Prime Air drone delivery service to nearly 500 U.S. cities by the end of 2026, aiming to fulfill Jeff Bezos' decade-old vision of fast, autonomous package delivery. Despite making hundreds of thousands of deliveri...
Walmart received nearly $3 billion in tariff refunds, which significantly boosted its quarterly profits and allowed the company to invest in lowering prices for customers. The refunds contributed a 750-basis-point net benefit to adjusted operating in...
Walmart will report its fiscal second-quarter earnings, providing insight into U.S. consumer health amid a divided economy. The company, which focuses on value for lower-income shoppers while attracting higher-income customers, faces challenges from ...
