India, Aug. 21 -- Shares of Walmart Inc. were losing around 5 percent in the morning trading after the retail behemoth reported second-quarter earnings below market estimates, despite a significant year-over-year growth. Meanwhile, net sales were higher and beat the Street estimates.
Further, the company issued third-quarter earnings guidance above the Street view. It also improved fiscal 2026 outlook, but below the consensus.
Doug McMillon, President and CEO, Walmart, said, "The top-line momentum we have in our business comes from how we're innovating and executing. Connecting with our customers and members through digital experiences is helping to drive our business, and the way we're deploying AI will make these experiences even better...