Walmart Inc. reported fiscal second-quarter revenue of $177.4 billion, beating analysts’ forecasts, while adjusted earnings slipped to $0.68 a share, below the $0.74 consensus. U.S. comparable sales rose 4.6% excluding fuel, helped by steady grocery and health-and-wellness demand. Global e-commerce revenue jumped 25% and the company’s advertising business expanded 46%, but operating income fell 8.2% on discrete legal and restructuring charges. Despite the profit shortfall, the world’s largest retailer increased its full-year outlook, projecting net sales growth of 3.75% to 4.75% and adjusted earnings of $2.52 to $2.62 a share, up from a prior range of $2.50 to $2.60. For the current quarter Walmart expects adjusted earnings of $0.58 to $0.60 a share and constant-currency sales growth in the same 3.75%-to-4.75% band. Management highlighted resilient consumer spending across income brackets, noting particular market-share gains among higher-income shoppers. Chief Financial Officer John David Rainey cautioned that tariff-related costs "are continuing to rise," adding that the company is absorbing some increases while passing others along selectively. Walmart’s shares fell about 2.5% to 4% in early U.S. trading as investors weighed the earnings miss against the stronger revenue performance and upgraded guidance.