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 retail giant 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 is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects Walmart's ability to attract customers and increase sales, which is crucial 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 giant 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 expectations. However, the stock fell by 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 uncertain due to mixed signals from previous quarters. Analysts are keen to see if the company can maintain its earnings momentum.

Bull Case

If Walmart can report strong same-store sales growth and improved margins, it could signal robust consumer demand and operational efficiency.

Bear Case

Conversely, if the company shows signs of slowing sales or rising costs, it could raise concerns about its ability to compete in a challenging retail landscape.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the same-store sales growth rate for Q2-2027?

This metric is crucial as it indicates how well Walmart is retaining customers and competing with rivals.

How is Walmart managing its costs in the current inflationary environment?

Understanding cost management will help gauge the company's profitability and operational efficiency.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Walmart's ability to adapt to changing consumer preferences, especially in e-commerce.

Supporting Evidence

Walmart has been investing heavily in its online platform, which could drive higher sales growth than expected.

Options pricing suggests a larger move than historical averages, indicating potential for significant volatility.

Insider selling may not reflect a lack of confidence but rather personal financial planning.

Key Risk

If same-store sales growth exceeds 5%, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Walmart can sustain its sales growth amid rising competition and economic pressures.

Bull Confirmed If

A same-store sales growth rate of +5% or better would confirm the bull case.

Bear Confirmed If

A same-store sales growth rate below +2% 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

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 the stock could rise by about 0.05%, confirming positive momentum.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may react neutrally, reflecting uncertainty.

Miss

If Walmart misses expectations, history suggests a potential drop of around 4.49%, indicating market disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on e-commerce sales growth and its impact on overall revenue.
2Any commentary on supply chain improvements and cost management strategies.
3Insights into customer behavior trends post-pandemic.
4Details on inventory levels and how they are being managed.
5Management's outlook on the competitive landscape and pricing strategies.

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 giant 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 is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects Walmart's ability to attract customers and increase sales, which is crucial 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 Q1 2027, Walmart reported an EPS of $0.66, slightly beating expectations. However, the stock fell by 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 uncertain due to mixed signals from previous quarters. Analysts are keen to see if the company can maintain its earnings momentum.

Bull Case

If Walmart can report strong same-store sales growth and improved margins, it could signal robust consumer demand and operational efficiency.

Bear Case

Conversely, if the company shows signs of slowing sales or rising costs, it could raise concerns about its ability to compete in a challenging retail landscape.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the same-store sales growth rate for Q2-2027?

This metric is crucial as it indicates how well Walmart is retaining customers and competing with rivals.

How is Walmart managing its costs in the current inflationary environment?

Understanding cost management will help gauge the company's profitability and operational efficiency.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Walmart's ability to adapt to changing consumer preferences, especially in e-commerce.

Supporting Evidence

Walmart has been investing heavily in its online platform, which could drive higher sales growth than expected.

Options pricing suggests a larger move than historical averages, indicating potential for significant volatility.

Insider selling may not reflect a lack of confidence but rather personal financial planning.

Key Risk

If same-store sales growth exceeds 5%, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Walmart can sustain its sales growth amid rising competition and economic pressures.

Bull Confirmed If

A same-store sales growth rate of +5% or better would confirm the bull case.

Bear Confirmed If

A same-store sales growth rate below +2% 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

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 the stock could rise by about 0.05%, confirming positive momentum.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may react neutrally, reflecting uncertainty.

Miss

If Walmart misses expectations, history suggests a potential drop of around 4.49%, indicating market disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on e-commerce sales growth and its impact on overall revenue.
2Any commentary on supply chain improvements and cost management strategies.
3Insights into customer behavior trends post-pandemic.
4Details on inventory levels and how they are being managed.
5Management's outlook on the competitive landscape and pricing strategies.