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 websites in 19 countries. With fiscal year 2025 revenue of $681 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and