• Walmart released a transcript of its fiscal Q2 2027 earnings call attended by CEO John R. Furner, CFO John David Rainey, and segment leaders.
• Raised full-year guidance: sales growth 4%-5%; operating income growth 7%-8.5%; EPS USD 2.8-2.87; Q3 EPS USD 0.62-0.64.
• Q2 constant-currency net sales rose 5%; adjusted operating income rose 17.4%, including a roughly 750-basis-point benefit from tariff refunds.
• Tariff refunds totaled about USD 2.9 billion; most received; reinvestment weighted to price, with Q3 operating income growth guided at 2%-4%.
• Global eCommerce sales grew 23%; Walmart U.S. eCommerce rose 24%; marketplace sales increased 52%; global advertising grew 38%.
• Walmart U.S. comp sales ex-fuel rose 2.6%; maximum fair pricing rules cut comps by about 125 basis points; full-year headwind seen at 125 basis points.
• Membership income rose nearly 17% globally; Walmart+ posted its best first-half growth; members spend about four times non-members.
• Fuel remained a major cost swing, with more than USD 2 billion of incremental fuel-related costs expected this year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Walmart Inc. published the original content used to generate this news brief on August 20, 2026, and is solely responsible for the information contained therein.