Walmart Inc. reported a rare profit miss but stronger-than-expected revenue for its fiscal second quarter ended 31 July, sending the shares down as much as 4% in New York pre-market trading. Adjusted earnings fell 8% from a year earlier to $0.68 a share, below the $0.74 analysts anticipated, as higher insurance claims, legal charges and restructuring expenses squeezed margins. Revenue rose 4.8% to $177.4 billion, topping estimates, with U.S. comparable sales up 4.6%. Global e-commerce sales gained 25% and advertising revenue grew 46%, led by the Walmart Connect platform. The retailer raised its outlook, forecasting constant-currency net-sales growth of 3.75% to 4.75% and adjusted earnings of $2.52 to $2.62 a share for fiscal 2026, compared with previous targets of 3% to 4% and $2.50 to $2.60. For the current quarter it expects net-sales growth in the same range and earnings of $0.58 to $0.60 a share, slightly ahead of Wall Street consensus. Chief Executive Officer Doug McMillon and Chief Financial Officer John David Rainey said consumer demand remains resilient across income levels, with upper-income households driving share gains. They cautioned that import tariffs are lifting procurement costs each week and will add further pressure in the second half, but said Walmart is accelerating imports and expanding limited-time discounts to keep prices low for shoppers.