Walmart Raises Sales and Earnings Forecast Despite Rising Tariff Costs

Walmart raised its full-year sales and earnings outlook despite rising tariff costs, driven by strong online growth. For the fiscal second quarter, net income reached $7.03 billion, with U.S. comparable sales up 4.6% and Sam’s Club sales up 5.9%. E-commerce revenue surged 25% globally, with advertising up 46% worldwide. The retailer managed higher costs through early inventory, selective price increases, and faster home deliveries. CEO Doug McMillon noted middle- and lower-income households are more sensitive to tariffs, but overall consumer spending remained stable. Walmart outperformed rivals like Target, benefiting from value perception, exclusive brands, and third-party marketplace expansion.