Walmart tops Q2 FY2027 estimates, but U.S. comparable sales growth falls to a more than six-year low

Walmart reported fiscal 2027 second-quarter results that beat consensus on both revenue and adjusted earnings, according to MSX Research Institute’s daily U.S. equities RWA market note. Total revenue came in at $187.9 billion, up 5.9% year over year and above the $186.77 billion market consensus. Adjusted earnings per share reached $0.81, up 19% and ahead of the expected $0.74. Still, GAAP attributable net profit moved in the opposite direction, falling 9% year over year to $6.37 billion. The softer point was U.S. comparable sales. Growth slowed to 2.6%, below the 3.5% consensus and the lowest level in more than six years. Walmart said pharmacy price deflation reduced the figure by about 125 basis points. Segment data showed Walmart U.S. net sales at $125.2 billion, up 3.5%; international revenue at $35.2 billion, up 13%; and Sam’s Club U.S. revenue at $25.7 billion, up 8.8%, with comp sales excluding fuel up 4.4%. Higher-margin operations kept expanding at a faster pace, with global e-commerce up 23%, global advertising up 38%, Walmart Connect up 43%, and U.S. third-party marketplace sales up 52%. Walmart also raised full-year guidance, but the top end of its adjusted EPS outlook, $2.87, remained below the $2.90 market consensus.