Walmart to Report Earnings Today — Analysts’ Forecasts and Insights

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"Walmart reports Q2 earnings before the bell amid tariffs and rising prices, with strong e-commerce growth and insights into U.S. consumer trends."

Walmart will release its fiscal second-quarter earnings before the bell on Thursday, providing a snapshot of how U.S. consumers are responding to ongoing tariffs and rising prices.

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Analysts’ Expectations

According to a survey of analysts by LSEG, Wall Street anticipates:

1. Earnings per share (EPS): 74 cents

2. Revenue: $176.16 billion

As the largest U.S. retailer, Walmart offers a unique lens into the financial health of American households, especially as tariffs on imports continue to fluctuate.

Impact of Tariffs on Prices

In May, Walmart warned that higher duties under President Trump’s tariffs would force it to raise prices on some items. About one-third of Walmart’s U.S. products are imported, with major suppliers from China, Mexico, Canada, Vietnam, and India.

Chief Financial Officer John David Rainey said at the time:

“We’re wired for everyday low prices, but the magnitude of these increases is more than any retailer can absorb… consumers are going to start seeing higher prices.”

Some price increases have already been observed this summer, affecting items like frying pans, jeans, and car seats.

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Sales and Growth Outlook

Walmart has projected net sales growth of 3.5% to 4.5% for the second quarter, while full-year sales are expected to rise 3% to 4%, with adjusted earnings of $2.50 to $2.60 per share.

Despite the pressure from tariffs, Walmart has maintained a competitive edge by:

1. Leveraging its reputation for value

2. Expanding faster delivery options for online customers

3. Attracting higher-income households

E-Commerce Milestones

In May, Walmart reported its first profitable quarter for e-commerce both in the U.S. and globally. Its online platform continues to drive revenue through:

1. Increased advertising sales

2. Commissions from third-party marketplace sellers

Why This Earnings Report Matters

Investors will closely watch Walmart’s numbers as a barometer for consumer spending and retail trends, especially amid ongoing trade tensions. The results will offer insights into how tariffs, pricing pressures, and e-commerce growth are shaping the future of the largest U.S. retailer.