Walmart — Feb 20, 2025 release

Consolidated metric Q1 FY26 Net sales (cc) Increase 3.0% to 4.0% • Including approximately 100 bps headwind from lapping leap year • Including approximately 15 bps tailwind from acquisition of VIZIO Adj. operating income (cc) Increase 0.5% to 2.0% • Including approximately 250 bps headwind from lapping leap year • Including approximately 70 bps headwind from acquisition of VIZIO Adjusted EPS $0.57 to $0.58, including approximately $0.02 headwind from currency Fiscal year 2026 The Company’s fiscal year guidance is based on the following FY25 figures: Net sales: $674.5 billion, adjusted operating income 2 : $29.5 billion, and adjusted EPS 2 : $2.51. Consolidated metric FY26 Net sales (cc) Increase 3.0% to 4.0% • Including approximately 20 bps headwind from lapping leap year • Including approximately 20 bps tailwind from acquisition of VIZIO Adj. operating income (cc) Increase 3.5% to 5.5% • Including approximately 70 bps headwind from lapping leap year • Including approximately 80 bps headwind from acquisition of VIZIO Interest, net Increase approximately $100M to $200M Effective tax rate Approximately 23.5% to 24.5% Non-controlling interest Relatively flat Adjusted EPS $2.50 to $2.60, including approximately $0.05 headwind from currency Capital expenditures Approximately 3.0% to 3.5% of net sales 1 For relevant non-GAAP reconciliations, see Q1 FY25 earnings release furnished on Form 8-K on May 16, 2024. 2 See additional information at the end of this release regarding non-GAAP financial measures. cc - constant currency 5 About Walmart Walmart Inc. (NYSE: W