Walmart (WMT) official guidance
Walmart (WMT) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteWMTWalmart Inc.FY2027 · ends 2027-01-31
2 metrics1 raised1 maintainedearnings call · 2026-08-21 04:01:10 UTC
2026-08-21 04:01:10 UTC4%maintained
We now expect slightly higher CapEx for the year at approximately 4% of annual net sales.
WMT · transcript · Q2 FY2027
2026-08-21 04:00:00 UTCOpen source
2026-08-20 10:59:57 UTC4%raised +14.3%
| Capital expenditures | Approximately 3.5% of net sales | Unchanged | Approximately 4.0% of net sales |
WMT · EX-99.1 · Q2 FY2027
2026-08-20 10:59:01 UTCOpen source
2026-05-21 11:00:57 UTC3.5%maintained
| Capital expenditures | Approximately 3.5% of net sales | Unchanged |
WMT · EX-99.1 · Q1 FY2027
2026-05-21 10:59:53 UTCOpen source
2026-02-20 05:00:59 UTC3.5%maintained
For FY27, we expect capital expenditure levels to be approximately 3.5% of sales.
WMT · transcript · Q4 FY2026
2026-02-20 05:00:00 UTCOpen source
2026-02-19 12:01:09 UTC3.5%new
| Capital expenditures | Approximately 3.5% of net sales |
WMT · EX-99.1 · Q4 FY2026
2026-02-19 11:59:55 UTCOpen source
2026-08-21 04:01:10 UTC$2.8 – $2.87raised +1.3%2.6% – 5.1% vs FY2026
We're raising our full year EPS guidance to $2.80 to $2.87 from $2.75 to $2.85 previously.
WMT · transcript · Q2 FY2027
2026-08-21 04:00:00 UTCOpen source
2026-05-22 04:00:57 UTC$2.75 – $2.85maintained0.7% – 4.4% vs FY2026
For Q2, we expect EPS of $0.72-$0.74 and full year EPS in the range of $2.75-$2.85.
WMT · transcript · Q1 FY2027
2026-05-22 04:00:00 UTCOpen source
2026-02-20 05:00:59 UTC$2.75 – $2.85new
Full-year constant currency sales are expected to grow between 3.5% and 4.5%, and operating income is expected to grow between 6% and 8%, with EPS in the range of $2.75-$2.85.
WMT · transcript · Q4 FY2026
2026-02-20 05:00:00 UTCOpen source
WMTWalmart Inc.Q3 FY2027 · ends 2026-10-31
1 metric1 newearnings call · 2026-08-21 04:01:10 UTC
2026-08-21 04:01:10 UTC$0.62 – $0.64new-19.5% – -16.9% vs Q3 FY2026
For Q3, we expect EPS of $0.62 to $0.64.
WMT · transcript · Q2 FY2027
2026-08-21 04:00:00 UTCOpen source
WMTWalmart Inc.FY2027 · ends 2027-01-31
3 metrics3 newearnings call · 2026-08-21 04:01:10 UTC
2026-08-21 04:01:10 UTCdouble-digit growthnew10% – 19% vs FY2026
Even with this increase, we expect to generate double-digit growth in free cash flow this year.
WMT · transcript · Q2 FY2027
2026-08-21 04:00:00 UTCOpen source
2026-08-21 04:01:10 UTCat least $2Bnew
We now expect more than $2 billion of incremental fuel-related costs this year above and beyond our original guidance assumptions.
WMT · transcript · Q2 FY2027
2026-08-21 04:00:00 UTCOpen source
2026-08-21 04:01:10 UTC7% – 8.5%new7% – 8.5% vs FY2026
Regarding operating income, we're raising our full year guidance to 7% to 8.5% versus 6% to 8% previously.
WMT · transcript · Q2 FY2027
2026-08-21 04:00:00 UTCOpen source
WMTWalmart Inc.Q3 FY2027 · ends 2026-10-31
1 metric1 newearnings call · 2026-08-21 04:01:10 UTC
2026-08-21 04:01:10 UTC2% – 4%new2% – 4% vs Q3 FY2026
Inclusive of planned investment of tariff refunds, Q3 operating income growth on a constant currency basis is expected to grow 2% to 4%.
WMT · transcript · Q2 FY2027
2026-08-21 04:00:00 UTCOpen source
WMTWalmart Inc.FY2027 · ends 2027-01-31
2 metrics2 newearnings call · 2026-08-21 04:01:10 UTC
2026-08-21 04:01:10 UTC20 bpsnew
We also expect costs related to the acquisition and integration of Vibe to be an approximate 20 basis points headwind to OI growth.
WMT · transcript · Q2 FY2027
2026-08-21 04:00:00 UTCOpen source
2026-08-21 04:01:10 UTC4% – 5%new4% – 5% vs FY2026
We're raising our fiscal year sales guidance to 4% to 5% from 3.5% to 4.5% previously.
WMT · transcript · Q2 FY2027
2026-08-21 04:00:00 UTCOpen source
WMTWalmart Inc.Q3 FY2027 · ends 2026-10-31
1 metric1 newearnings call · 2026-08-21 04:01:10 UTC
2026-08-21 04:01:10 UTC3% – 3.8%new3% – 3.8% vs Q3 FY2026
Overall, for the enterprise, we expect sales growth in Q3 to be between 3% and 3.75%.
WMT · transcript · Q2 FY2027
2026-08-21 04:00:00 UTCOpen source
WMTWalmart Inc.FY2027 · ends 2027-01-31
2 metrics1 raised1 maintainedearnings release · 2026-08-20 10:59:57 UTC
2026-08-20 10:59:57 UTC23.5% – 24.5%maintained-93 bps – 7 bps vs FY2026
| Effective tax rate | Approximately 23.5% to 24.5% | Unchanged | Unchanged |
WMT · EX-99.1 · Q2 FY2027
2026-08-20 10:59:01 UTCOpen source
2026-05-21 11:00:57 UTC23.5% – 24.5%maintained-93 bps – 7 bps vs FY2026
| Effective tax rate | Approximately 23.5% to 24.5% | Unchanged |
WMT · EX-99.1 · Q1 FY2027
2026-05-21 10:59:53 UTCOpen source
2026-02-19 12:01:09 UTC23.5% – 24.5%new
| Effective tax rate | Approximately 23.5% to 24.5% |
WMT · EX-99.1 · Q4 FY2026
2026-02-19 11:59:55 UTCOpen source
2026-08-20 10:59:57 UTC$2.8 – $2.87raised +1.3%
| Adj. EPS | $2.75 to $2.85 | Unchanged | $2.80 to $2.87 |
WMT · EX-99.1 · Q2 FY2027
2026-08-20 10:59:01 UTCOpen source
2026-05-21 11:00:57 UTC$2.75 – $2.85maintained
| Adjusted EPS | $2.75 to $2.85 | Unchanged |
WMT · EX-99.1 · Q1 FY2027
2026-05-21 10:59:53 UTCOpen source
2026-02-19 12:01:09 UTC$2.75 – $2.85new
| Adjusted EPS | $2.75 to $2.85 |
WMT · EX-99.1 · Q4 FY2026
2026-02-19 11:59:55 UTCOpen source
WMTWalmart Inc.Q3 FY2027 · ends 2026-10-31
1 metric1 newearnings release · 2026-08-20 10:59:57 UTC
2026-08-20 10:59:57 UTC$0.62 – $0.64new
| Adjusted EPS | $0.62 to $0.64 |
WMT · EX-99.1 · Q2 FY2027
2026-08-20 10:59:01 UTCOpen source
WMTWalmart Inc.FY2027 · ends 2027-01-31
2 metrics1 raised1 newearnings release · 2026-08-20 10:59:57 UTC
2026-08-20 10:59:57 UTC$200M – $300Mnew
| Adj. Interest, net2 | Increase approximately $200M to $300M | Unchanged | Unchanged |
WMT · EX-99.1 · Q2 FY2027
2026-08-20 10:59:01 UTCOpen source
2026-08-20 10:59:57 UTC7% – 8.5%raised +10.7%7% – 8.5% vs FY2026
| Adj. operating income (cc) | Increase 6.0% to 8.0% | Unchanged | Increase 7.0% to 8.5% |
WMT · EX-99.1 · Q2 FY2027
2026-08-20 10:59:01 UTCOpen source
2026-05-21 11:00:57 UTC6% – 8%maintained6% – 8% vs FY2026
| Adj. operating income (cc) | Increase 6.0% to 8.0% | Unchanged |
WMT · EX-99.1 · Q1 FY2027
2026-05-21 10:59:53 UTCOpen source
2026-02-19 12:01:09 UTC6% – 8%new6% – 8% vs FY2026
| Adj. operating income (cc) | Increase 6.0% to 8.0% |
WMT · EX-99.1 · Q4 FY2026
2026-02-19 11:59:55 UTCOpen source
WMTWalmart Inc.Q3 FY2027 · ends 2026-10-31
1 metric1 newearnings release · 2026-08-20 10:59:57 UTC
2026-08-20 10:59:57 UTC2% – 4%new2% – 4% vs Q3 FY2026
| Operating income (cc) | Increase 2.0% to 4.0% |
WMT · EX-99.1 · Q2 FY2027
2026-08-20 10:59:01 UTCOpen source
WMTWalmart Inc.FY2027 · ends 2027-01-31
1 metric1 raisedearnings release · 2026-08-20 10:59:57 UTC
2026-08-20 10:59:57 UTC4% – 5%raised +12.5%4% – 5% vs FY2026
| Net sales (cc) | Increase 3.5% to 4.5% | Unchanged | Increase 4.0% to 5.0% |
WMT · EX-99.1 · Q2 FY2027
2026-08-20 10:59:01 UTCOpen source
2026-05-21 11:00:57 UTC3.5% – 4.5%new3.5% – 4.5% vs FY2026
| Net sales (cc) | Increase 3.5% to 4.5% | Unchanged |
WMT · EX-99.1 · Q1 FY2027
2026-05-21 10:59:53 UTCOpen source
WMTWalmart Inc.Q3 FY2027 · ends 2026-10-31
1 metric1 newearnings release · 2026-08-20 10:59:57 UTC
2026-08-20 10:59:57 UTC3% – 3.8%new3% – 3.8% vs Q3 FY2026
| Net sales (cc) | Increase 3.0% to 3.75% |
WMT · EX-99.1 · Q2 FY2027
2026-08-20 10:59:01 UTCOpen source
WMTWalmart Inc.Q2 FY2027 · ends 2026-07-31
2 metrics2 newearnings call · 2026-05-22 04:00:57 UTC
2026-05-22 04:00:57 UTC$0.72 – $0.74new-18.2% – -15.9% vs Q2 FY2026
For Q2, we expect EPS of $0.72-$0.74 and full year EPS in the range of $2.75-$2.85.
WMT · transcript · Q1 FY2027
2026-05-22 04:00:00 UTCOpen source
2026-05-22 04:00:57 UTC7% – 10%new7% – 10% vs Q2 FY2026
For Q2 operating income and constant currency, we expect growth of 7%-10%, and we're reiterating our full year guidance of 6%-8% growth.
WMT · transcript · Q1 FY2027
2026-05-22 04:00:00 UTCOpen source