00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Walmart's stock fell Thursday after U.S. sales growth slowed to its weakest pace since
00:07Tal's was 20, and the retailer issued a third-quarter outlook below Wall Street estimates,
00:12according to Benzinga. Adjusted earnings came in at 81 cents per share on $187.9 billion in sales,
00:20beating estimates of 74 cents and $186.8 billion. Walmart expects third-quarter adjusted earnings
00:27of 62 cents to 64 cents per share and sales of $183.134 billion to $184.468 billion,
00:35both below estimates. Global e-commerce sales rose 23%, while U.S. comparable sales excluding fuel
00:41increased 2.6%. E-commerce accounts for more than 23% of Walmart U.S. sales, with stores fulfilling
00:48about 80% of online orders and all fast deliveries. Walmart raised its fiscal 2027 earnings and sales
00:56outlooks, though both remain below Wall Street expectations. Shares were down 8.81% at $104.23
01:03Thursday, according to Benzinga ProData. For all things money, visit Benzinga.com.
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