{"id":229415,"date":"2025-08-21T09:45:00","date_gmt":"2025-08-21T13:45:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=229415"},"modified":"2025-08-22T03:44:06","modified_gmt":"2025-08-22T07:44:06","slug":"walmart-ceo-says-tariff-costs-expected-to-rise-lower-and-middle-income-consumers-hit-most","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/walmart-ceo-says-tariff-costs-expected-to-rise-lower-and-middle-income-consumers-hit-most\/","title":{"rendered":"Walmart CEO Says Tariff Costs Expected To Rise, Lower And Middle Income Consumers Hit Most"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-zinger-key-points\">Zinger Key Points<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Walmart posted $177.4B in sales, topping analyst revenue estimates.<\/li>\n\n\n\n<li>The retail giant reported adjusted earnings per share of 68 cents, missing the analyst consensus estimate of 74 cents.<\/li>\n<\/ul>\n\n\n\n<p><strong>Walmart Inc.\u00a0<\/strong>shares are trading lower in the premarket session on Thursday, after the company reported\u00a0<a href=\"https:\/\/www.benzinga.com\/pressreleases\/25\/08\/b47254700\/walmart-reports-revenue-growth-of-4-8-up-5-6-in-constant-currency-cc\" target=\"_blank\" rel=\"noreferrer noopener\">second-quarter results<\/a>\u00a0and raised its annual outlook.<\/p>\n\n\n\n<p>The retail giant reported adjusted earnings per share of 68 cents, missing the analyst consensus estimate of 74 cents.<\/p>\n\n\n\n<p>Quarterly sales of $177.40 billion, up 4.8% year over year, outpaced the Street view of $176.16 billion. Total revenues on a constant currency basis increased 5.6%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-segments\">Segments<\/h2>\n\n\n\n<p>Walmart reported a 4.6% increase in U.S. comparable sales (excluding fuel), while Sam&#8217;s Club U.S. comparable sales (excluding fuel) rose 5.9%.<\/p>\n\n\n\n<p>In the Walmart U.S. segment, transactions grew 1.5%, while average ticket rose 3.1%.<\/p>\n\n\n\n<p>In Sam&#8217;s Club U.S., transactions rose 3.9% and the average ticket grew 2.0%<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Quarter In Detail<\/h2>\n\n\n\n<p>Adjusted operating income fell 0.8% year-over-year to $7.87 billion in the quarter under review, lower than $7.940 billion a year ago. The GAAP operating income fell 8.2% year-over-year to $7.29 billion.<\/p>\n\n\n\n<p>Adjusted EBITDA margin slipped 10 basis points to 6.5%. Walmart said the decrease was primarily due to net sales growing faster than adjusted operating income.<\/p>\n\n\n\n<p>The gross margin rate, however, improved by four basis points, primarily driven by Walmart U.S,&nbsp;<a target=\"_blank\" href=\"https:\/\/stock.walmart.com\/_assets\/_4da1b34fb13ce313838713f042c2d746\/walmart\/db\/938\/9959\/presentation\/Earnings+Presentation+%28FY26+Q2%29.pdf\" rel=\"noreferrer noopener\">partially offset<\/a>&nbsp;by pressure in International. Quarterly margins gained from &#8220;continued benefits from strong inventory management in the U.S. and improved business mix; partially offset by merchandise category mix pressure.&#8221;<\/p>\n\n\n\n<p>Global eCommerce sales surged 25%, primarily driven by store-based pickup, delivery services, and marketplace growth.<\/p>\n\n\n\n<p>The company&#8217;s global advertising segment expanded by 46%, bolstered by contributions from VIZIO.<\/p>\n\n\n\n<p>In the U.S., Walmart Connect recorded a 31% increase, reflecting strong momentum in its retail media operations.<\/p>\n\n\n\n<p>Membership and other income rose 5.4%, supported by a 15.3% increase in global membership income.<\/p>\n\n\n\n<p>Walmart exited the quarter with cash and equivalents worth $9.431 billion, higher than $8.811 billion a year ago.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Outlook<\/h2>\n\n\n\n<p>Walmart raised its fiscal year 2026 adjusted earnings per share guidance to $2.52\u2013$2.62 from the prior $2.50\u2013$2.60, compared to the $2.62 analyst estimate.<\/p>\n\n\n\n<p>It raised the annual revenue growth outlook (in constant currency) to 3.75% to 4.75% year over year, translating to an increase from $694.735 billion to $701.480 billion (prior outlook) to $703.151 billion to $709.928 billion versus the $706.209 billion consensus.<\/p>\n\n\n\n<p>Walmart projects that the third quarter adjusted earnings per share will range from 58 to 60 cents, above the 57 cents estimate. The company expects constant currency sales between $175.95 billion and $177.64 billion, compared to the $176.33 billion estimate.<\/p>\n\n\n\n<p>However, the retailer cautioned that there would be approximately a 140-bps headwind from the VIZIO acquisition.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Conference Call<\/h2>\n\n\n\n<p>Walmart&#8217;s CEO reportedly said the company is seeing its costs increase week after week as it replenishes inventory at post-tariff price levels.<\/p>\n\n\n\n<p>He added that tariff-related costs are expected to rise further into the third and fourth quarters.<\/p>\n\n\n\n<p>He also noted that middle and lower income customers are making more adjustments than higher-income shoppers in discretionary categories where prices have climbed.<\/p>\n\n\n\n<p>During the conference call, Walmart&#8217;s CFO reportedly said the company is closely monitoring customer demand and adjusting purchasing quantities as it gauges the price elasticity of tariff-impacted items.<\/p>\n\n\n\n<p>Watch the live coverage of the Walmart conference call here<\/p>\n\n\n\n<p><strong>Price Action:<\/strong>\u00a0WMT shares are trading lower by 3.16% to $99.33\u00a0premarket at last check Thursday.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted August 21, 2025 &#8211; <a href=\"https:\/\/www.benzinga.com\/markets\/earnings\/25\/08\/47256731\/walmart-ceo-says-tariff-costs-expected-to-rise-lower-and-middle-income-consumers-hit-most\">Walmart CEO Says Tariff Costs Expected To Rise, Lower And Middle Income Consumers Hit Most<\/a><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Walmart Inc. shares are trading lower in the premarket session on Thursday, after the company reported second-quarter results and raised its annual outlook.<\/p>\n","protected":false},"author":1671,"featured_media":182145,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,9,22,26,3],"tags":[],"contributors-categories":[13584],"class_list":{"0":"post-229415","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-north-america","8":"category-region","9":"category-securities","10":"category-stocks","11":"category-text-articles","12":"category-traders-insight","13":"contributors-categories-benzinga"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Walmart CEO Says Tariff Costs Expected To Rise, Lower And Middle Income Consumers Hit 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