Walmart Q2 Revenue Up; Flipkart Headwinds

Walmart posted Q2 revenue of about $187.9 billion and adjusted EPS of $0.81, with e-commerce growth of 23% and advertising revenue up 38%, and lifted its full-year outlook; U.S. same-store sales rose 2.6% but were below expectations, pressured by pharmacy pricing and cautious consumer spending amid higher fuel costs; the company disclosed about $2.9 billion in tariff refunds to reinvest in lower prices, rolling back more than 11,000 items; the stock fell roughly 8% to 10% as investors weighed slower sales growth against profitability and higher annual guidance; executives warned that Q3 growth could be hurt by Flipkart’s Big Billion Days shifting from Q3 to Q4, implying about 100 basis points of headwinds, while Walmart International showed strength from Flipkart and Myntra and expansion into quick commerce; management emphasized price leadership and value-focused investments to offset higher fuel costs.