Equity Profile

WMT

Walmart Inc.

Consumer StaplesConsumer Staples Merchandise Retail$947.9B

Aug20Thu

Pre-Earnings Brief

UpcomingQ2-2027Pre-Market9:00 AM EDT

Company Snapshot

Walmart Inc. is a leading retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge how well Walmart is managing costs and sales.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract and retain customers, especially in a competitive retail environment.

N/A

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 retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. As a major player in the consumer staples sector, Walmart is crucial for understanding trends in consumer spending and retail performance.

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 the last quarter, Walmart reported an EPS of $0.66, slightly beating expectations. However, the stock reacted negatively, dropping 7.27% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are cautious as Walmart has shown mixed results in recent quarters, with a history of small EPS surprises. Investors will be closely watching for any signs of improvement in revenue and same-store sales.

Bull Case

If Walmart can demonstrate strong revenue growth and improved same-store sales, it could signal a rebound in consumer spending, leading to a positive stock reaction.

Bear Case

On the other hand, if the company fails to meet expectations for revenue or shows signs of declining sales, it could lead to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the same-store sales growth rate be for this quarter?

This metric is critical for assessing Walmart's organic growth and consumer demand, which will heavily influence market sentiment.

How is Walmart managing its supply chain and cost pressures?

Given the current economic climate, insights into cost management will be vital for understanding profitability and future pricing strategies.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of Walmart's cost management strategies and the potential for a rebound in consumer spending, particularly in key categories.

Supporting Evidence

Walmart has a strong history of beating EPS estimates, with an 88% beat rate over the last eight quarters.

Despite recent stock declines, the company has maintained a solid customer base, which could translate into improved sales.

Options pricing suggests a significant move, indicating that traders expect volatility, which could be a sign of underlying strength.

Key Risk

If same-store sales growth exceeds 5%, it could shift sentiment dramatically in favor of the bull case.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Walmart's ability to maintain growth amidst economic pressures and changing consumer behavior.

Bull Confirmed If

A same-store sales growth rate of over 5% would confirm the bull case, indicating strong consumer demand.

Bear Confirmed If

A decline in same-store sales or a significant miss on EPS would confirm 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, suggesting that traders expect volatility around the earnings report.

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

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$4.7M

36,776 sh

4 insiders

Net

$4.7M

Net selling

Most Active Insiders· 6 open-market trades

President & CEOFurner John R.
$1.6M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Walmart beats expectations, history suggests the stock could rise by around 0.05% on the day, confirming a positive outlook.

In-Line / Cautious

If results are in line but management expresses caution, the stock may see muted movement as investors reassess future growth.

Miss

A miss could lead to a decline of around 4.49%, reflecting ongoing concerns about consumer spending and operational challenges.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·2 sells

Members

House only

Est. Notional

$52,003.00–$130,000.00

disclosed dollar ranges

Most Active Members

R-VAJohn McGuireRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain improvements and cost management strategies.
2Details on consumer spending trends and how they are affecting sales.
3Insights into inventory levels and how they are being managed.
4Any commentary on competition and market share dynamics.
5Future guidance on revenue expectations and strategic initiatives.

See the full picture

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 retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge how well Walmart is managing costs and sales.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract and retain customers, especially in a competitive retail environment.

N/A

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 the last quarter, Walmart reported an EPS of $0.66, slightly beating expectations. However, the stock reacted negatively, dropping 7.27% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Walmart can demonstrate strong revenue growth and improved same-store sales, it could signal a rebound in consumer spending, leading to a positive stock reaction.

Bear Case

On the other hand, if the company fails to meet expectations for revenue or shows signs of declining sales, it could lead to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the same-store sales growth rate be for this quarter?

This metric is critical for assessing Walmart's organic growth and consumer demand, which will heavily influence market sentiment.

How is Walmart managing its supply chain and cost pressures?

Given the current economic climate, insights into cost management will be vital for understanding profitability and future pricing strategies.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of Walmart's cost management strategies and the potential for a rebound in consumer spending, particularly in key categories.

Supporting Evidence

Walmart has a strong history of beating EPS estimates, with an 88% beat rate over the last eight quarters.

Despite recent stock declines, the company has maintained a solid customer base, which could translate into improved sales.

Options pricing suggests a significant move, indicating that traders expect volatility, which could be a sign of underlying strength.

Key Risk

If same-store sales growth exceeds 5%, it could shift sentiment dramatically in favor of the bull case.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Walmart's ability to maintain growth amidst economic pressures and changing consumer behavior.

Bull Confirmed If

A same-store sales growth rate of over 5% would confirm the bull case, indicating strong consumer demand.

Bear Confirmed If

A decline in same-store sales or a significant miss on EPS would confirm 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, suggesting that traders expect volatility around the earnings report.

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

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$4.7M

36,776 sh

4 insiders

Net

$4.7M

Net selling

Most Active Insiders· 6 open-market trades

President & CEOFurner John R.
$1.6M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Walmart beats expectations, history suggests the stock could rise by around 0.05% on the day, confirming a positive outlook.

In-Line / Cautious

If results are in line but management expresses caution, the stock may see muted movement as investors reassess future growth.

Miss

A miss could lead to a decline of around 4.49%, reflecting ongoing concerns about consumer spending and operational challenges.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·2 sells

Members

House only

Est. Notional

$52,003.00–$130,000.00

disclosed dollar ranges

Most Active Members

R-VAJohn McGuireRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain improvements and cost management strategies.
2Details on consumer spending trends and how they are affecting sales.
3Insights into inventory levels and how they are being managed.
4Any commentary on competition and market share dynamics.
5Future guidance on revenue expectations and strategic initiatives.