Walmart hikes full-year outlook, says it will use huge tariff refund to keep prices low

Walmart logo sign is seen in Chicago, Illinois, Aug. 3, 2026.Marcin Golba | Nurphoto | Getty ImagesWalmart on Thursday posted quarterly sales that beat Wall Street estimates and raised its outlook for the year, as it saw another strong quarter of e-commerce growth and benefited from tariff refunds."Our business is strong," CFO John David Rainey told CNBC. "We feel really good about the progress we're making."The retailer said revenue rose 5.9% in its fiscal second quarter as e-commerce sales jumped 23% globally. Walmart also said U.S. comparable sales grew 2.6%, offset in part by a 0.8% headwind in its health and wellness business as price caps on certain drugs took effect. That was less than the 3.5% increase Wall Street expected, according to FactSet.For the third quarter, Walmart said it expects net sales to increase between 3% and 3.75% and adjusted earnings per share to be between 62 cents and 64 cents.The retailer expects net sales to increase 4% and 5% for the year, compared to a previous outlook of between 3.5% and 4.5% growth. Walmart also anticipates adjusted earnings will be between $2.80 and $2.87 per share, compared to the prior guidance of between $2.75 and $2.85 per ...