WHAT HAPPENED
Walmart reported fiscal second quarter results that exceeded Wall Street revenue expectations while raising its annual sales and earnings guidance, yet investors reacted negatively to the company’s quarterly comparable sales performance and forward projections. 9 billion in tariff refunds and planned to deploy these funds toward consumer price reductions in the coming quarter. Looking ahead, Walmart raised its full-year net sales growth guidance to between 4% and 5%, compared with previous expectations of 3. For the third quarter specifically, the company expects net sales to grow between 3% and 3. However, Walmart noted anticipated incremental cost headwinds exceeding $2 billion from elevated fuel prices throughout the year.
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