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Walmart — Aug 20, 2026 release

Fiscal 2027 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000104169-26-000145
Open on SEC.gov ↗
Showing in the filing
Net sales growth
“4.0% to 5.0%”
Period
FY2027
Measure
GAAP-tied
Source
Prose
All guidance in this release · 18
Net sales growth for FY2027
“4.0% to 5.0%”
Adjusted operating income growth for FY2027
“7.0% to 8.5%”
Adj. EPS for FY2027
“$2.80 to $2.87”
Adjusted EPS for FY2027
“$2.80 to $2.87”
Net sales growth for Q3 FY2027
“3.0% to 3.75%”
Adjusted operating income growth for Q3 FY2027
“2.0% to 4.0%”
Adjusted EPS for Q3 FY2027
“$0.62 to $0.64”
Net sales (cc) for FY2026
“Increase 3.5% to 4.5%”
Net sales (cc) for FY2027
“Increase 4.0% to 5.0%”
Adj. operating income (cc) for FY2026
“Increase 6.0% to 8.0%”
Adj. operating income (cc) for FY2027
“Increase 7.0% to 8.5%”
Adj. Interest, net for FY2027
“Increase approximately $200M to $300M”
Adj. Interest, net for FY2026
“Increase approximately $200M to $300M”
Effective tax rate for FY2027
“Approximately 23.5% to 24.5%”
Effective tax rate for FY2026
“Approximately 23.5% to 24.5%”
Adj. EPS for FY2026
“$2.75 to $2.85”
Capital expenditures for FY2026
“Approximately 3.5% of net sales”
Capital expenditures for FY2027
“Approximately 4.0% of net sales”
Exhibit 99.1 · the passage around this item
… earlier in the release
The Company issues guidance for the third quarter and raises its outlook for the fiscal year. For Q3, net sales are expected to grow 3.0% to 3.75% and adjusted operating income to grow 2.0% to 4.0%. Net sales for FY27 are expected to grow 4.0% to 5.0% and adjusted operating income to grow 7.0% to 8.5%, all in constant currency (“cc”) 1 . Adjusted EPS 1 is expected to be $0.62 to $0.64 for Q3 and $2.80 to $2.87 for FY27. Our team delivered another good quarter, and we continue to make steady progress on the long-term value drivers of our business. Our multi-year growth in eCommerce is evidence that customers are choosing Walmart because we deliver price, speed, and convenience across a broad assortment. At Walmart, they can have it all.” John Furner President and CEO, Walmart Second Quarter Highlights • Revenue of $187.9 billion, up 5.9%, or 5.1% (cc) 1 • Global eCommerce sales grew 23%, led by store-fulfilled pickup & delivery and marketplace • Global advertising business 3 up 38%, with strength across segments. Walmart U.S. advertising up 38% • Membership fee revenue grew 17% globally • Gross profit rate up 96 bps, led by Walmart U.S., primarily impacted by tariff refund impacts noted below • Operating income up $2.1 billion, or 28.8%; up 17.4% adjusted (cc) 1 ; which includes the impact of tariff refunds received, partially offset by price investments in the quarter. Setting aside this net impact, underlying operating income
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.