Will Walmart raise its full-year sales outlook when it reports earnings Aug 20?

Walmart raised its full-year sales and profit outlook when it reported fiscal second-quarter earnings on August 20, 2026. Revenue for the quarter ended July 31 climbed 5.9% to $187.94 billion, and adjusted earnings of 81 cents per share beat analyst estimates of 74 cents. The retailer raised its full-year net sales growth forecast to a range of 4% to 5%, up from its prior guidance of 3.5% to 4.5%, and lifted its full-year earnings-per-share outlook to $2.80–$2.87.

The upgrade was aided by roughly $2.9 billion in tariff refunds that Walmart said it plans to pass on to customers through lower prices. Despite the raised guidance, US same-store sales growth of 2.6% fell short of the 3.5% Wall Street had expected, and Walmart shares fell about 10% following the report as investors focused on the comparable-sales miss.

Community voting unanimously predicted Walmart would raise its outlook, matching the actual outcome. The mixed market reaction underscored that an improved full-year forecast did not fully offset investor concerns about underlying sales growth.