**Walmart Faces Stock Plunge Following Weak Q3 Outlook**
Walmart (NASDAQ: WMT) shares dropped sharply, marking the worst single-day decline since 2022, after the retailer announced plans to utilize approximately $2.9 billion in tariff refunds to lower prices for consumers, adversely affecting its anticipated third-quarter performance. The company’s forecast for Q3 sales growth is projected to be between 3% and 3.75%, significantly below the nearly 6% consensus, while adjusted earnings per share (EPS) guidance of $0.62 to $0.64 fell short of the $0.68 expected by analysts.
Despite this setback, Walmart reported a nearly 6% increase in fiscal Q2 revenue, totaling $187.94 billion, surpassing the $186.77 billion consensus. U.S. store sales increased by 3.5%, while same-store sales rose by 2.6%. International sales also showed strong performance, climbing nearly 13% to $35.2 billion, with notable growth in China at nearly 21% in constant currency. Adjusted EPS for Q2 was $0.81, exceeding the forecast of $0.74.
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