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News›Markets›US Stocks›News Powered By Walmart stock selloff explained: Here’s what spooked
investorsWritten by Anupam Nagar, ETMarkets.com|Aug 21, 2026, 12:32:58 PM IST1/8Walmart beats estimates, but shares
plungeWalmart delivered a stronger-than-expected second quarter, with revenue and adjusted earnings beating Wall Street
estimates. Yet the stock plunged sharply as investors focused on weaker U.S. comparable sales and a cautious near-term
outlook. Shares fell 9.2% on August 20, marking their biggest one-day decline in more than four years, according to The
Wall Street Journal. (Sources: Zacks, TradingKey)ETMarkets.com2/8Revenue rises nearly 6%Walmart reported second-quarter
revenue of about $187.9 billion, up 5.9% year over year. The figure exceeded the Zacks consensus estimate of $186.26
billion, highlighting continued sales momentum despite concerns around consumer spending.ETMarkets.com3/8Earnings
deliver a solid beatAdjusted earnings came in at $0.81 per share, compared with the Zacks consensus estimate of $0.73.
That represented an earnings surprise of nearly 11%, with adjusted EPS also rising from $0.68 a year
earlier.ETMarkets.com4/8So why did Walmart stock fall?The market looked beyond the headline earnings beat. Walmart's
U.S. comparable sales growth slowed to 2.6%, its weakest pace in more than six years, versus Wall Street expectations of
around 3.8%. The weaker figure raised concerns about the health of the American consumer.ETMarkets.com5/8E-commerce
remains a bright spotWalmart's digital business continued to expand rapidly. Global e-commerce sales increased 23%-24%,
while advertising revenue jumped 38% and membership revenue increased 17%. These higher-growth businesses are becoming
increasingly important to Walmart's overall growth strategy.ETMarkets.com6/8Tariff refund boosts margins, but Walmart
plans to reinvestWalmart benefited from a $2.9 billion tariff refund, which helped lift its gross profit rate and
operating income. However, management plans to use the benefit partly to keep prices low and invest in price
competitiveness, limiting the extent to which the refund translates into lasting earnings gains. TradingKey highlighted
this as one of the factors investors need to watch.ETMarkets.com7/8Full-year outlook raised, but near-term guidance
disappointsWalmart raised its full-year FY2027 outlook, targeting 4%-5% sales growth and adjusted EPS of $2.80-$2.87.
However, the company's third-quarter outlook was more cautious, with sales growth projected at roughly 3%-3.75% and
adjusted EPS of $0.62-$0.64, below market expectations.ETMarkets.com8/8The key takeaway for investorsWalmart's
quarter was not bad on the headline numbers. Revenue and adjusted earnings beat estimates, e-commerce remained strong
and full-year guidance was raised. But investors appear more concerned about slowing U.S. comparable sales, cautious
consumers and weaker near-term guidance.ETMarkets.comRead more onWalmart stockWalmart stock selloffwalmart
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