Equity Profile

WMT

Walmart Inc.

Consumer StaplesConsumer Staples Merchandise Retail$911.4B

Aug20Thu

Pre-Earnings Brief

UpcomingQ2-2027Pre-Market9:00 AM EDT

Company Snapshot

Walmart Inc. is a leading retailer in the consumer staples sector, known for its vast network of stores and e-commerce operations....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Walmart managed costs and sales during the quarter.

Not available

Revenue Growth

Revenue growth reflects the company's ability to attract customers and increase sales, which is crucial in a competitive retail environment.

Not available

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

WMT Q2-2027 Earnings Preview

Context

Company Snapshot

Walmart Inc. is a leading retailer in the consumer staples sector, known for its vast network of stores and e-commerce operations. As a major player in the retail industry, Walmart's performance is closely tied to consumer spending trends and economic conditions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+2.52%

Avg Stock Reaction

-0.52%

Last Quarter Recap

In Q1-2027, Walmart reported an EPS of $0.66, slightly beating estimates. However, the stock fell 7.27% the following day, indicating market disappointment despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Walmart's upcoming earnings are mixed, with investors looking for signs of strong consumer demand amidst economic uncertainties.

Bull Case

If Walmart shows strong same-store sales growth and maintains or improves its margins, it could signal robust consumer spending and operational efficiency.

Bear Case

Conversely, if the company reports disappointing sales or rising costs, it may raise concerns about its ability to compete effectively in a challenging retail landscape.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS and revenue figures for this quarter?

These numbers will directly impact investor sentiment and indicate how well Walmart is navigating current market conditions.

How did same-store sales perform compared to last year?

This metric is crucial for understanding customer demand and the effectiveness of Walmart's strategies in retaining shoppers.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Walmart's ability to leverage its scale and operational efficiencies to drive profitability despite economic headwinds.

Supporting Evidence

Walmart's historical EPS beat rate of 88% suggests it often exceeds expectations.

The options market is pricing in a larger move than historical averages, indicating potential for a significant reaction.

Recent consumer spending trends show resilience, which could benefit Walmart.

Key Risk

If same-store sales growth exceeds 3%, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be pivotal in determining Walmart's ability to sustain growth in a competitive retail environment.

Bull Confirmed If

An EPS of $0.70 or higher with revenue growth of at least 5% would confirm the bull case.

Bear Confirmed If

An EPS below $0.65 and negative same-store sales growth would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±10.76%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant move around the earnings report, suggesting that investors expect volatility.

Options are pricing ±10.8% while WMT has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

31.0%

Calls (4.8M)P/C Ratio: 0.42Puts (1.9M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Staples

n=30

Fade rate: 9 of 27 (33%)

This setup has occurred 30 times across Consumer Staples in the last 2 years. 18 of 27 (67%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.5%, with a raw directional average of +1.9% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Walmart beats expectations, history suggests a potential stock increase of around 0.05% on the first day, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further commentary from management.

Miss

A miss could lead to a decline of approximately 4.49% based on historical patterns, raising concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain efficiencies and cost management strategies.
2Insights into consumer behavior trends and how they are impacting sales.
3Details on e-commerce growth and its contribution to overall revenue.
4Management's outlook on the economic environment and consumer spending.
5Any commentary on new store openings or market expansion plans.

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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Walmart Inc. is a leading retailer in the consumer staples sector, known for its vast network of stores and e-commerce operations....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Walmart managed costs and sales during the quarter.

Not available

Revenue Growth

Revenue growth reflects the company's ability to attract customers and increase sales, which is crucial in a competitive retail environment.

Not available

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

WMT Q2-2027 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+2.52%

Avg Stock Reaction

-0.52%

Last Quarter Recap

In Q1-2027, Walmart reported an EPS of $0.66, slightly beating estimates. However, the stock fell 7.27% the following day, indicating market disappointment despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Walmart's upcoming earnings are mixed, with investors looking for signs of strong consumer demand amidst economic uncertainties.

Bull Case

If Walmart shows strong same-store sales growth and maintains or improves its margins, it could signal robust consumer spending and operational efficiency.

Bear Case

Conversely, if the company reports disappointing sales or rising costs, it may raise concerns about its ability to compete effectively in a challenging retail landscape.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS and revenue figures for this quarter?

These numbers will directly impact investor sentiment and indicate how well Walmart is navigating current market conditions.

How did same-store sales perform compared to last year?

This metric is crucial for understanding customer demand and the effectiveness of Walmart's strategies in retaining shoppers.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Walmart's ability to leverage its scale and operational efficiencies to drive profitability despite economic headwinds.

Supporting Evidence

Walmart's historical EPS beat rate of 88% suggests it often exceeds expectations.

The options market is pricing in a larger move than historical averages, indicating potential for a significant reaction.

Recent consumer spending trends show resilience, which could benefit Walmart.

Key Risk

If same-store sales growth exceeds 3%, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be pivotal in determining Walmart's ability to sustain growth in a competitive retail environment.

Bull Confirmed If

An EPS of $0.70 or higher with revenue growth of at least 5% would confirm the bull case.

Bear Confirmed If

An EPS below $0.65 and negative same-store sales growth would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±10.76%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant move around the earnings report, suggesting that investors expect volatility.

Options are pricing ±10.8% while WMT has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

31.0%

Calls (4.8M)P/C Ratio: 0.42Puts (1.9M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Staples

n=30

Fade rate: 9 of 27 (33%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Walmart beats expectations, history suggests a potential stock increase of around 0.05% on the first day, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further commentary from management.

Miss

A miss could lead to a decline of approximately 4.49% based on historical patterns, raising concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain efficiencies and cost management strategies.
2Insights into consumer behavior trends and how they are impacting sales.
3Details on e-commerce growth and its contribution to overall revenue.
4Management's outlook on the economic environment and consumer spending.
5Any commentary on new store openings or market expansion plans.