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Walmart

Guidance from Walmart’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Current guidance
38 items
Releases tracked
8
Latest release
Aug 20, 2026
Data checked
Aug 20, 2026
On this page:Latest changes·Current guidance·Your sector group·History

What changed in the Aug 20, 2026 release

Each item compared with the same item in the previous release (May 21, 2026). Values in quotation marks are the company’s words.

New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
ChangeMetricPeriodPreviousNowSource
RaisedNet sales (cc)for FY2027“Increase 3.5% to 4.5%”“Increase 4.0% to 5.0%”Filing ↗
NewNet sales growthfor Q3 FY2027—“3.0% to 3.75%”Filing ↗
NewNet sales growthfor FY2027—“4.0% to 5.0%”Filing ↗
NewAdj. EPSfor FY2027—“$2.80 to $2.87”Filing ↗
RaisedAdj. operating income (cc)for FY2027“Increase 6.0% to 8.0%”“Increase 7.0% to 8.5%”Filing ↗
NewAdjusted EPSfor Q3 FY2027—“$0.62 to $0.64”Filing ↗
RaisedAdjusted EPSfor FY2027“$2.75 to $2.85”“$2.80 to $2.87”Filing ↗
NewAdjusted operating income growthfor Q3 FY2027—“2.0% to 4.0%”Filing ↗
NewAdjusted operating income growthfor FY2027—“7.0% to 8.5%”Filing ↗
NewAdj. Interest, netfor FY2027—“Increase approximately $200M to $300M”Filing ↗
RaisedCapital expendituresfor FY2027“Approximately 3.5% of net sales”“Approximately 4.0% of net sales”Filing ↗
NewAdj. EPSfor FY2026—“$2.75 to $2.85”Filing ↗
NewAdj. Interest, netfor FY2026—“Increase approximately $200M to $300M”Filing ↗
ReiteratedEffective tax ratefor FY2027“Approximately 23.5% to 24.5%”“Approximately 23.5% to 24.5%”Filing ↗
ReiteratedNet sales (cc)for FY2026“Increase 3.5% to 4.5%”“Increase 3.5% to 4.5%”Filing ↗
ReiteratedAdj. operating income (cc)for FY2026“Increase 6.0% to 8.0%”“Increase 6.0% to 8.0%”Filing ↗
ReiteratedCapital expendituresfor FY2026“Approximately 3.5% of net sales”“Approximately 3.5% of net sales”Filing ↗
ReiteratedEffective tax ratefor FY2026“Approximately 23.5% to 24.5%”“Approximately 23.5% to 24.5%”Filing ↗
Show 5 items not restated in this release
ChangeMetricPeriodPreviousNowSource
Not restatedNet sales (cc)for Q2 FY2027“expected to grow 4% to 5%”—Filing ↗
Not restatedAdjusted EPSfor Q2 FY2027“$0.72 to $0.74”—Filing ↗
Not restatedAdjusted EPSfor Q1 FY2027“$0.63 to $0.65”—Filing ↗
Not restatedAdjusted EPSfor Q3 FY2026“$0.58 to $0.60”—Filing ↗
Not restatedNon-controlling interestfor FY2026“Unchanged”—Filing ↗

Current guidance

Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.

Current fiscal year
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Net sales (cc)“Increase 4.0% to 5.0%”for FY2027Company-definedFeb 19, 20263Filing ↗
Net sales (cc)“expected to grow 4% to 5%”for Q2 FY2027Company-definedMay 21, 20261Filing ↗
Net sales (cc)“Increase 3.5% to 4.5%”for Q1 FY2027Company-definedFeb 19, 20261Filing ↗
Net sales growth“3.0% to 3.75%”for Q3 FY2027GAAP-tiedAug 20, 20261Filing ↗
Net sales growth“4.0% to 5.0%”for FY2027GAAP-tiedAug 20, 20261Filing ↗
Adj. EPS“$2.80 to $2.87”for FY2027GAAP-tiedAug 20, 20261Filing ↗
Adj. operating income (cc)“Increase 7.0% to 8.5%”for FY2027Company-definedMay 21, 20262Filing ↗
Adjusted EPS“$0.62 to $0.64”for Q3 FY2027Company-definedAug 20, 20261Filing ↗
Adjusted EPS“$2.80 to $2.87”for FY2027Company-definedFeb 19, 20263Filing ↗
Adjusted EPS“$0.72 to $0.74”for Q2 FY2027Company-definedMay 21, 20261Filing ↗
Adjusted EPS“$0.63 to $0.65”for Q1 FY2027Company-definedFeb 19, 20261Filing ↗
Adjusted operating income (cc)“grow 7% to 10%”for Q2 FY2027Company-definedMay 21, 20261Filing ↗
Adjusted operating income (cc)“6.0% to 8.0%”for FY2027Company-definedFeb 19, 20261Filing ↗
Adjusted operating income growth“2.0% to 4.0%”for Q3 FY2027Company-definedAug 20, 20261Filing ↗
Adjusted operating income growth“7.0% to 8.5%”for FY2027Company-definedAug 20, 20261Filing ↗
Operating income (cc)“Increase 7.0% to 10.0%”for Q2 FY2027Company-definedMay 21, 20261Filing ↗
Operating income (cc)“Increase 4.0% to 6.0%”for Q1 FY2027Company-definedFeb 19, 20261Filing ↗
Adj. Interest, net“Increase approximately $200M to $300M”for FY2027Company-definedAug 20, 20261Filing ↗
Capital expenditures“Approximately 4.0% of net sales”for FY2027Company-definedFeb 19, 20263Filing ↗
Effective tax rate“Approximately 23.5% to 24.5%”for FY2027GAAP-tiedFeb 19, 20263Filing ↗
Interest, net“Increase approximately $200M to $300M”for FY2027Company-definedFeb 19, 20262Filing ↗
Net sales (cc)“Increase 3.5% to 4.5%”for FY2026Company-definedFeb 20, 20254Filing ↗
Net sales (cc)“3.75% to 4.75%”for Q3 FY2026Company-definedAug 21, 20251Filing ↗
Net sales growth“3.75% to 4.75%”for FY2026GAAP-tiedAug 21, 20251Filing ↗
Net sales growth (cc)“4.8% to 5.1%”for FY2026Company-definedNov 19, 20251Filing ↗
Adj. EPS“$2.75 to $2.85”for FY2026GAAP-tiedAug 20, 20261Filing ↗
Adj. operating income (cc)“Increase 6.0% to 8.0%”for FY2026Company-definedFeb 20, 20255Filing ↗
Adjusted EPS“$2.75 to $2.85”for FY2026Company-definedFeb 20, 20255Filing ↗
Adjusted EPS“$0.58 to $0.60”for Q3 FY2026Company-definedAug 21, 20251Filing ↗
Adjusted operating income“3.5% to 5.5%”for FY2026Company-definedAug 21, 20251Filing ↗
Adjusted operating income (cc)“3.5% to 5.5%”for FY2026Company-definedFeb 20, 20251Filing ↗
Adjusted operating income growth (cc)“4.8% to 5.5%”for FY2026Company-definedNov 19, 20251Filing ↗
Operating income (cc)“3.0% to 6.0%”for Q3 FY2026Company-definedAug 21, 20251Filing ↗
Adj. Interest, net“Increase approximately $200M to $300M”for FY2026Company-definedAug 20, 20261Filing ↗
Annual dividend“$0.99 per share”for FY2026Declared actionFeb 19, 20261Filing ↗
Capital expenditures“Approximately 3.5% of net sales”for FY2026Company-definedFeb 20, 20256Filing ↗
Effective tax rate“Approximately 23.5% to 24.5%”for FY2026GAAP-tiedFeb 20, 20255Filing ↗
Interest, net“Increase approximately $200M to $300M”for FY2026Company-definedFeb 20, 20254Filing ↗
Non-controlling interest“Unchanged”for FY2026Company-definedFeb 20, 20254Filing ↗
No period stated
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Share repurchase authorization“$30 billion”—Declared actionFeb 19, 20261Filing ↗

How one item moved

Adjusted EPS, for FY2026 — every statement across the year, each linked to its filing.

Feb 20, 2025
New
“$2.50 to $2.60, incl”
May 15, 2025
Reiterated
“$2.50 to $2.60, including approximately $0.05 headwind from currency”
Aug 21, 2025
Raised
“$2.52 to $2.62, including $0.02 to $0.03 headwind from currency”
Nov 19, 2025
Raised
“$2.58 to $2.63, including a currency headwind of $0.01 to $0.02”

How your Big-box & discount retail sector group guides

12 companies in Big-box & discount retail. What they guide on, and who reported this season.

Most-guided metric families
Buybacks
10
Comparable sales
9
GAAP EPS
9
Revenue
8
Adjusted EPS
7
Capex
7
Tax rate
7
Dividends
7
This season’s releases
Best BuyAug 27, 20266 changes
Burlington StoresAug 27, 202619 changes
Dollar GeneralAug 27, 20263 changes
Dollar TreeAug 27, 20264 changes
Ulta BeautyAug 27, 20263 changes
Dick's Sporting GoodsAug 24, 202614 changes
BJ's Wholesale ClubAug 21, 20261 change
Ross StoresAug 20, 20269 changes
Get this for your own peer set — Peer Guidance Briefing, $3,000.

Full history

Every metric, every release, eight quarters — the complete record as one table.

MetricFY2027FY2026FY2025No period
Net sales (cc)7 statements9 statements4 statements1 statement
Adj. EPS1 statement1 statement——
Adj. operating income (cc)2 statements6 statements4 statements1 statement
Adjusted EPS6 statements7 statements1 statement—
Adjusted operating income (cc)4 statements3 statements1 statement—
The full record for Walmart and its Big-box & discount retail peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.

Filings

The 8 earnings releases this page is built from.

FiledFiscal periodAccessionGuidance items
Aug 20, 2026FY2027 Q20000104169-26-00014518Open filing ↗
May 21, 2026FY2027 Q10000104169-26-00009516Open filing ↗
Feb 19, 2026FY2026 Q40000104169-26-00003211Open filing ↗
Nov 19, 2025FY2026 Q30000104169-25-00017710Open filing ↗
Aug 21, 2025FY2026 Q20000104169-25-00012014Open filing ↗
May 15, 2025FY2026 Q10000104169-25-00006912Open filing ↗
Feb 20, 2025FY2025 Q40000104169-25-00001012Open filing ↗
Nov 19, 2024FY2025 Q30000104169-24-0001709Open filing ↗
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
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