Arabic version: وولمارت ترفع توقعاتها بعد تجاوز مبيعات الربع الثاني التقديرات

According to Cnbc, Walmart beat Wall Street expectations for fiscal second-quarter revenue and raised its full-year outlook after reporting strong e-commerce and membership growth. Revenue rose 5.9% to $187.94 billion for the three months ended July 31, compared with $177.40 billion a year earlier and above the $186.77 billion expected by analysts surveyed by LSEG.

Walmart reported adjusted earnings of 81 cents per share. Net income was $6.37 billion, or 80 cents per share, down from $7.03 billion, or 88 cents per share, in the year-ago period. The company said its gross profit rate increased to 25.4%, helped by the benefit of tariff refunds.

Global e-commerce sales jumped 23%, while U.S. comparable sales increased 2.6%. The U.S. comparable-sales result was partly offset by a 0.8% headwind in health and wellness after price caps on certain drugs took effect. It was below the 3.5% increase expected by Wall Street, according to FactSet. Walmart shares closed about 9% lower Thursday as Wall Street appeared disappointed by comparable sales and the company’s sales guidance.

For the full year, Walmart expects net sales growth of 4% to 5%, compared with its previous outlook of 3.5% to 4.5%. It forecasts adjusted earnings of $2.80 to $2.87 per share, versus prior guidance of $2.75 to $2.85. For the third quarter, the retailer expects net sales growth of 3% to 3.75% and adjusted earnings per share of 62 cents to 64 cents.

Chief Financial Officer John David Rainey told CNBC that Walmart was eligible for about $2.9 billion in tariff refunds and had just under $100 million still to receive. He said the company plans to use the refunds to lower consumer prices, with an impact expected in the third quarter. Rainey also said Walmart expects just over $2 billion in incremental cost headwinds related to higher fuel prices this year.