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Walmart forecast second-quarter adjusted earnings between 72 cents and 74 cents per share.
Walmart's Q2 revenue and earnings forecasts both missed Wall Street consensus estimates.
KEY POINTS
- Walmart CFO warned of possible retail price inflation if current elevated costs persist.
- U.S. revenue growth faced a 100-basis-point headwind from pharmacy pricing changes.
- Full-year guidance reaffirmed but falls short of analyst targets for both earnings and revenue.
COMPANIES
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