每经AI快讯，8月21日，沃尔玛下跌4.4%，创5月15日以来最大盘中跌幅。 ...

沃尔玛下跌4.4%，创5月15日以来最大盘中跌幅。 来源：滚动播报 ...

Core Insights - US shoppers have experienced less impact from tariffs during the summer, but this is expected to change as the fall approaches [1] - Walmart's CEO indicated that tariffs are now affecting more imported merchandise, leading to increased costs that are anticipated to continue into the third and fourth quarters [1] Group 1: Tariff Impact - Walmart's CFO noted that the company previously stated tariffs were "too high," which could lead to price hikes for consumers [2] - The retailer observed lower markups than expected for the second quarter, with gradual price increases so far [2] - Some consumers are responding to the cost pressures by skipping purchases or opting for lower-priced alternatives [2] Group 2: Consumer Behavior - Adjustments in spending are more pronounced among middle and lower-income households compared to higher-income households [3] - Walmart reported a comparable sales growth of 4.6%, with a 1.5% increase in transactions and a 3.1% increase in average receipt compared to last year [3] - The results from back-to-school shopping suggest a strong holiday season is anticipated [3]

Walmart Slips on Rare Profit Miss. Get the numbers on the Bloomberg Stock Movers podcast. https://t.co/gw7dqy8VvT ...

Walmart reported earnings 68 cents a share. First miss earnings miss since May of 2022. Revenue is above expectations though at 170 I think 177.4% billion in the quarter which is above 176.16% billion. Major big box stores like Home Depot, Lowe's and Targets have all reported this week. joining us for a retail recap. Michael's a core, founder of five new digital. Uh Michael, the stock Walmart's down uh as you can see uh right there. It's had a great run and and you compare it to Target over the years, it's ...

Walmart (WMT) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.85%. A quarter ago, it was expected that this world's largest retailer would post earnings of $0.57 per share when it actually produced earnings of $0.61, delivering a surprise of +7.02%.Over the last four quarters, the ...

（原标题：沃尔玛(WMT.US)Q2盈利罕见不及预期 预警关税成本下半年将上升） 展望未来，尽管利润罕见地未达预期，沃尔玛公司上调了其全年销售预期，这一乐观的信号表明，尽管 人们对通胀的担忧加剧以及经济数据表现不佳，但该公司的消费者的购买力仍保持稳定。沃尔玛目前预 计今年的净销售额将增长 3.75%至 4.75%，而此前的指引为增长 3%至 4%。该公司还将调整后每股收 益预期提高至 2.52 美元至 2.62 美元，而此前的指引为2.50 美元至 2.60 美元，市场预期为2.62美元。 该公司提到关税是一个普遍的风险因素。关税已经开始体现在商品价格上涨上，不过这种变化目前还处 于初期阶段，随着零售商补充库存，其影响将在今年下半年变得更加显著。Rainey表示，截至目前，其 影响较为有限——本季度美国商品价格仅上涨了 1%——而沃尔玛在部分商品上承担了更高的成本的同 时，也提高了其他商品的价格。 他说："这是按照每项商品和每个类别分别进行管理的。当然，在某些领域我们已经完全消化了更高关 税成本带来的影响;而在其他领域，我们则不得不将部分成本转嫁给消费者。受关税影响的成本仍在持 续攀升。" 智通财经APP获悉 ...

沃尔玛第二季度营收达1774亿美元，超出分析师预期的1761.6亿美元。 沃尔玛美国同店销售增长4.6%，高于分析师预期的4%，电商销售在美国市场增长26%。 调整后每股收益0.68美元，不及预期的0.74美元，为三年来首次不及预期。保险索赔、法律 费用和重组成本的增加是主要拖累因素。 首席财务官John David Rainey在财报声明中表示，关税影响的成本"正在持续上升"，但公司正努力通过 加速进口和增加限时折扣来保持低价策略。 沃尔玛二季度营收超预期，电商业务继续保持强劲增长势头，并上调全年销售和盈利预期。但受关税冲 击，成本持续上升，导致其利润三年来首次不及预期。 周四公布的财报显示： 沃尔玛将2026财年净销售增长预期从此前的3%-4%上调至3.75%-4.75%，调整后每股收益预期也小幅 上调至2.52-2.62美元。 受盈利不及预期影响，沃尔玛股价盘前下跌超过3%，投资者对关税成本上升对零售业利润率的潜在冲 击表示担忧。 电商业务强劲增长 沃尔玛电商业务继续保持强劲增长势头，全球电商销售增长25%，美国市场增长26%。公司通过门店配 送的杂货和其他商品销售同比增长近50%，其中三分之一的订单为 ...

Financial Data and Key Metrics Changes - Consolidated Q2 revenue increased by 5.6% in constant currency, outperforming expectations with each business segment showing stronger sequential sales growth than in Q1 [27][28] - Adjusted operating income grew by 0.4% in constant currency, impacted by a headwind of 560 basis points due to expenses related to general liability claims [11][43] - Adjusted EPS increased by 1.5% to $0.68, with discrete charges related to legal matters and restructuring adjusted out for comparison purposes [43] Business Line Data and Key Metrics Changes - E-commerce sales grew by 25% globally, with all segments exceeding 20% growth, led by Walmart U.S. and Sam's Club U.S. at 26% [7][8] - Walmart U.S. comp sales grew by 4.6%, with strength across general merchandise categories, particularly in apparel, media, gaming, and automotive [9][28] - Sam's Club U.S. comp sales, excluding fuel, increased nearly 6%, driven entirely by unit growth [33] Market Data and Key Metrics Changes - International sales increased by 10.5% in constant currency, with significant contributions from China, Walmex, and Flipkart [8][32] - E-commerce growth in international markets was over 20%, with penetration approaching 27% of segment sales [32] - Sales in China grew by 30%, while Walmex experienced over 6% growth [32] Company Strategy and Development Direction - The company is focused on maintaining price leadership while investing in associates, supply chain automation, and technology, including AI [26][49] - The introduction of AI roles aims to enhance customer service, improve associate experience, and increase productivity [18][20] - The company is optimistic about the upcoming holiday season and has seen positive trends in back-to-school sales [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current economic uncertainty and anticipates gaining market share [25][26] - The company raised its full-year sales growth guidance in constant currency by 75 basis points to a range of 3.75% to 4.75% [44] - Management acknowledged ongoing cost pressures but maintained long-term profit growth expectations [43][49] Other Important Information - The company has approximately 7,400 price rollbacks, with a 30% increase in grocery rollbacks compared to last year [16][74] - Inventory levels are healthy, with a global increase of 3.8% and a 2.2% increase in Walmart U.S. [13][44] - The company is closely monitoring customer demand and managing inventory in response to tariff impacts [15][44] Q&A Session Summary Question: Can you discuss the underlying profitability and any temporary factors affecting it? - Management indicated that while some profitability may be masked by temporary factors, the overall business mix remains strong, with growth in marketplace, advertising, and membership [52][55] Question: How does recent competition in grocery delivery affect Walmart's strategy? - Management acknowledged that competition is improving but emphasized the focus on customer needs and maintaining convenience as a competitive advantage [59][61] Question: How does Walmart address concerns about gross margin performance? - Management highlighted the importance of long-term trends over quarterly fluctuations and expressed confidence in navigating unexpected expenses while maintaining guidance [63][66] Question: What is the current state of inventory management? - Management reported strong inventory levels and effective management practices, with a focus on supporting unit growth and maintaining clean sell-throughs [70][74] Question: Can you elaborate on price changes and consumer response? - Management noted that as costs rise, consumer behavior shifts, but the company has flexibility in managing pricing across categories [80][82] Question: What are the strategic priorities for international markets? - Management discussed the focus on e-commerce growth and the integration of global platforms in Canada, Mexico, and India to enhance capabilities and market presence [85][90]

Financial Data and Key Metrics Changes - Consolidated Q2 revenue increased by 5.6% in constant currency, outperforming expectations with each business segment showing stronger sequential sales growth than in Q1 [26][27] - Adjusted operating income grew by 0.4% in constant currency, despite absorbing a headwind of 560 basis points from expenses related to general liability claims [10][41] - Adjusted EPS increased by 1.5% to $0.68, with discrete charges related to legal matters and restructuring adjusted out for comparison purposes [41][42] Business Line Data and Key Metrics Changes - E-commerce sales grew by 25% globally, with all segments exceeding 20% growth, led by Walmart U.S. and Sam's Club U.S. at 26% [6][27] - Walmart U.S. comp sales grew by 4.6%, with strength in general merchandise across categories, particularly in apparel, media, gaming, and automotive [8][27] - Sam's Club U.S. comp sales, excluding fuel, increased nearly 6%, driven entirely by unit growth [31][33] Market Data and Key Metrics Changes - International sales increased by 10.5% in constant currency, with significant contributions from China, Walmex, and Flipkart [7][30] - Sales in China grew by 30%, while Walmex saw over 6% growth, with e-commerce growth in international markets exceeding 20% [30][31] - Global advertising revenue increased by 46%, with Walmart Connect in the U.S. up 31% excluding VIZIO [9][37] Company Strategy and Development Direction - The company is focused on maintaining price leadership while investing in associates, supply chain automation, and AI technology [25][48] - The introduction of AI roles aims to enhance customer service, improve associate experience, and increase productivity [17][18] - The company is optimistic about the upcoming holiday season and is preparing for strong performance in the back half of the year [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating economic uncertainty and expects to gain market share during this period [24][25] - The company is raising its full-year sales growth guidance in constant currency by 75 basis points to a range of 3.75% to 4.75% [43][44] - Management remains focused on balancing short-term share gains with long-term investments in technology and associates [25][48] Other Important Information - The company has approximately 7,400 price rollbacks across its assortment, with a 30% increase in grocery rollbacks compared to last year [15][39] - Inventory levels are healthy, with a global increase of 3.8% and a 2.2% increase in Walmart U.S. [12][43] - The company is closely monitoring customer demand and managing inventory in response to tariff impacts [14][43] Q&A Session Summary Question: Can you discuss the underlying profitability and AI's impact on sales? - Management indicated that AI is not yet lifting top-line sales but is optimistic about future productivity improvements [52][53] - The business mix remains strong, with no significant concerns about underlying profitability [55][56] Question: How does recent competitor activity affect Walmart's strategy? - Management acknowledged that competition is improving but emphasized the focus on customer needs and maintaining price and assortment [60][62] Question: How does Walmart address concerns about gross margin performance? - Management highlighted the importance of long-term trends over short-term fluctuations and expressed confidence in navigating unexpected expenses [66][67] Question: What is the current state of inventory management? - Management reported strong inventory levels and effective management practices, with a focus on supporting unit growth [71][75] Question: Can you elaborate on pricing strategies and consumer response? - Management noted that customers are making rational trade-offs in response to price changes, and the company is leveraging its business model for flexibility [82][85] Question: What are the strategic priorities for international markets? - Management discussed the focus on e-commerce growth and technology integration in Canada, Mexico, and India, with significant investments in QuickCommerce capabilities [90][91] Question: How is e-commerce profitability evolving globally? - Management reported progress in e-commerce profitability, with significant contributions from advertising and membership, and emphasized the diversified profit streams [95][96]