Walmart — Nov 19, 2025 release

Consolidated metric Original from 2.20.2025 As of 8.21.2025 As of 11.20.25 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 Increase 3.75% to 4.75% Increase 4.8% to 5.1% 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 Unchanged Increase 4.8% to 5.5% Interest, net Increase approximately $100M to $200M Unchanged Unchanged Effective tax rate Approximately 23.5% to 24.5% Unchanged Mid to low-end of prior range Non-controlling interest Relatively flat Unchanged Unchanged Adjusted EPS $2.50 to $2.60, including approximately $0.05 headwind from currency $2.52 to $2.62, including $0.02 to $0.03 headwind from currency $2.58 to $2.63, including $0.01 to $0.02 headwind from currency Capital expenditures Approximately 3.0% to 3.5% of net sales Unchanged Approximately 3.5% 1 For relevant non-GAAP reconciliations, see Q4 FY25 earnings release furnished on Form 8-K on February 20, 2025. cc - constant currency 5 About Walmart Walmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices. Each week, approximately 270 million customers and members visit more than 10,750 stores and numerous eCommerce web