Walmart down after Q2 comparable sales miss estimates

** Expects consolidated net sales for FY 2027 to rise between 4.0% and 5.0%, compared with prior forecast of 3.5% to 4.5%

** Sees annual adjusted EPS between $2.80 and $2.87 vs. previous target range of $2.75 to $2.85

** Expects Q3 net sales to grow 3% to 3.75%, compared with estimates of 4.9% growth

** Logs Q2 adjusted EPS of 81 cents, topping estimates of 74 cents

** Up to last close, stock up ~3% YTD

** Shares of retail giant Walmart WMT.O down ~6% at $107.68 premarket

** Co misses Q2 comparable sales estimates, hurt by customers spending less on each shopping trip due to inflation and higher gas prices tightening budgets

** Reports Q2 U.S. same-store sales of 2.6%, missing expectations of 3.8% growth — data compiled by LSEG