Search every filing
2,477,667 paragraphs from 10-Ks, 10-Qs and 8-Ks with press releases.
Matching paragraphs
• changes or modifications in tariff rates or the imposition of new tariffs or new taxes on imports;
Read in the filing ↗
• changes or modifications in tariff rates, exemptions therefrom or the imposition of new tariffs or new taxes on imports;
Read in the filing ↗ Also in 10-Q of May 29, 2026, 10-Q of Aug 28, 2026, 10-K of Mar 13, 2026
• Operating income growth reflects the benefit associated with tariff refunds and membership growth
Read in the filing ↗
• Gross profit grew 158 bps due to the benefit associated with tariff refunds and improved business mix; partially offset by price investments and higher fuel costs
Read in the filing ↗
• macroeconomic, geopolitical, and business conditions, trends and events around the world and in the markets in which we operate, including inflation or deflation, generally, and in certain product categories, the impact of supply chain challenges, tariffs and recessionary pressures;
Read in the filing ↗ Also in 10-K of Mar 13, 2026
The Company engaged in the process established by the U.S. Customs and Border Protection ("CBP") for refunds of tariffs that the Company paid as the importer of record under the International Emergency Economic Powers Act. The Company accounts for such refunds as gain contingencies and recognizes any recovery when the gain is realized or realizable and the related contingencies have been substantially resolved. During the quarter ended July 31, 2026, the Company received approximately $ 2.9 billion in tariff refunds, primarily in the Walmart U.S. segment, which were recorded as a reduction to cost of sales and represent substantially all of the refunds requested by the Company.
Read in the filing ↗ Also in 10-Q of Aug 28, 2026
We expect continued uncertainty in our business and the global economy due to the following factors: tariffs and trade restrictions, including tariff refunds; inflationary trends; fluctuations in global currencies; swings in macroeconomic conditions and their effect on consumer confidence; changes in employment trends; volatility in fuel prices; and supply chain pressures, any of which may impact our results. While we operate in a highly dynamic tariff environment, less than one third of what we sell in the U.S. is imported, with most of our imports coming from China, Vietnam, Mexico, India and Canada. We are committed to helping customers save money and live better through everyday low prices, supported by everyday low costs. Our operating results are influenced in part by our sourcing, pricing, merchandising, inventory management and other strategies in response to cost increases, which are further discussed in our Annual Report on Form 10-K. Information on certain risks, factors, and uncertainties that can affect our operating results and an investment in our securities can be found herein under "Item 1A. Risk Factors" and "Item 5. Other Information."
Read in the filing ↗ Also in 10-K of Mar 13, 2026, 10-Q of May 29, 2026
conditions, insurance costs, interest rates, labor availability and costs, tax rates, the imposition of tariffs, cybersecurity attacks and unemployment. Further information on the factors that can affect our operating results and on certain risks to our Company and an investment in its securities can be found herein under "Item 1A. Risk Factors."
Read in the filing ↗
Gross profit rate increased 45 and 11 basis points for the three and six months ended July 31, 2026, respectively, when compared to the same periods in the previous fiscal year. The increases were primarily due to tariff refunds, partially offset by price investments and increased eCommerce shipping and fulfillment costs, driven by club-fulfilled delivery.
Read in the filing ↗ Also in 10-Q of Aug 28, 2026, 10-Q of Aug 28, 2026
In fiscal 2026, our Walmart U.S. and Sam's Club U.S. operating segments generated approximately 82% of our consolidated net sales. A significant portion of the general merchandise we sell in our U.S. stores and clubs is manufactured in other countries. Significant changes in tax and trade policies, including tariffs, trade barriers, other restrictions on the exportation and importation of goods and government regulations affecting trade between the U.S. and other countries where we source many of the products we sell can impact, and have impacted, our business and profit margins, including through increases in the costs at which we purchase merchandise and the prices at which we sell such merchandise to our customers, and the costs we incur in pursuing our strategic initiatives, including those set forth under the headings Strategic Risks and Operational Risks above in this Item 1A. If we are unable to successfully manage the various impacts that changes in these tax and trade policies have on our business, our results of operations and financial performance could be impacted. We experienced the impacts noted above during fiscal 2026 as a result of incremental import tariffs. We expect the dynamic tariff environment to continue, including in fiscal 2027, and cannot predict with certainty the future impact that this environment will have on our results of operations or financial performance, which could be material.
Read in the filing ↗ Also in 10-K of Mar 14, 2025
We expect continued uncertainty in our business and the global economy due to inflationary trends; tariffs and trade restrictions; fluctuations in global currencies; swings in macroeconomic conditions and their effect on consumer confidence; volatility in employment trends; and supply chain pressures, any of which may impact our results. For a detailed discussion on results of operations by reportable segment, refer to "Results of Operations" below.
Read in the filing ↗
Gross profit as a percentage of net sales ("gross profit rate") increased 96 and 53 basis points for the three and six months ended July 31, 2026, respectively, when compared to the same periods in the previous fiscal year, primarily due to tariff refunds, partially offset by price investments and higher fuel costs within our supply chain. Gross profit rate also benefited from continued growth in higher margin businesses, including advertising.
Read in the filing ↗
We expect continued uncertainty in our business and the global economy due to tariffs and trade restrictions; inflationary trends; fluctuations in global currencies; swings in macroeconomic conditions and their effect on consumer confidence; volatility in employment trends; and supply chain pressures, any of which may impact our results. While we operate in a highly dynamic tariff environment, less than one third of what we sell in the U.S. is imported, with most of our imports coming from China, Mexico, Vietnam, India and Canada. We are committed to helping customers save money and live better through everyday low prices, supported by everyday low costs. Our operating results are influenced in part by our sourcing, pricing, merchandising, inventory management and other strategies in response to cost increases, which are further discussed in our Annual Report on Form 10-K. Information on certain risks, factors, and uncertainties that can affect our operating results and an investment in our securities can be found herein under "Item 1A. Risk Factors" and "Item 5. Other Information."
Read in the filing ↗ Also in 10-Q of Dec 3, 2025
The Company is participating in the process established by the U.S. Customs and Border Protection for refunds of tariffs that the Company paid as the importer of record under the International Emergency Economic Powers Act. The timing, amounts and ultimate resolution of any refunds remain uncertain and subject to ongoing legal and administrative developments. Accordingly, the Company did not recognize any amounts related to these claims in the three months ended April 30, 2026.
Read in the filing ↗
• Led by Walmart U.S., primarily driven by tariff refunds, partially offset by price investments and higher fuel costs in distribution and fulfillment • Improvements also reflect favorable business mix led by global advertising Y/Y Change +4 bps +2 bps +13 bps +6 bps +96 bps Gross profit rate 24.5% 24.2% 24.0% 24.3% 25.4% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Gross profit rate +96 bps to 25.4% 4
Read in the filing ↗
In addition, U.S. and international trade policies, tariffs, trade barriers and other restrictions on the exportation and importation of goods, trade sanctions imposed between certain countries and entities, the limitation on the exportation or importation of certain types of goods or of goods containing certain materials from other countries and other factors relating to foreign trade are beyond our control. These and other factors affecting our suppliers, our access to products and our access to service providers (such as transportation and logistics providers) could adversely affect our operations and financial performance.
Read in the filing ↗ Also in 10-K of Mar 13, 2026
… Adjusted Operating income1 $678M, +23.3%; without fuel $485M, +23.1% • Reflects benefits from tariff refunds • Partially offset by price investments and distribution and fulfillment costs tied to delivery growth Gen Z and Millennials drove more than half of new sign-ups, with Plus mix exceeding 50% in this cohort Can reach 65% of U.S. households in under 3 …
Read in the filing ↗
The following forward-looking statements reflect the Company’s expectations as ofNovember 20, 2025, and are subject to substantial uncertainty. The Company’s results may be materially affected by many factors, such as fluctuations in foreign currency exchange rates, changes in global economic and geopolitical conditions, tariff and trade policies, customer demand and spending, inflation, interest rates, world events, expenses pertaining to general liability claims, for which we self-insure, and the various other factors detailed in this release, including those set forth below under the heading Forward-looking statements. Additionally, guidance is provided on a non-GAAP basis as the Company cannot predict certain elements that are included in reported GAAP results, such as the changes in fair value of the Company’s equity and other investments. Growth rates reflect an adjusted basis for prior year results. ──────────────────────────────────────────────────────────────────────────────
Read in the filing ↗
… advertising up 38% •Membership fee revenue grew 17% globally •Gross profit rate up 96 bps, led by Walmart U.S., primarily impacted by tariff refund impacts noted below •Operating income up $2.1 billion, or 28.8%; up 17.4% adjusted (cc)1; which includes the impact of tariff refunds received, partially offset by price investments in the quarter. Setting …
Read in the filing ↗
Opened 1 new Neighborhood Market in Q2 and completed ~220 store remodels YTD, opened 3 Supercenters, 1 Neighborhood Market, and completed ~280 store remodels • Strong growth reflects a benefit from tariff refunds, partially offset by price investments • Also reflects improved business mix primarily from growth of digital advertising • Partially offset by higher fuel costs impacting distribution and fulfillment costs Gross profit $36.8 billion, +9.4% Gross profit rate 29.4%, +158 bps • Deleverage reflects increased self-insured general liability claims expense, depreciation expense related to our capital investments, and healthcare costs from increased associate enrollment and medical cost inflation • Partially offset by leverage from increased labor productivity Operating expenses $29.5 billion, +6.8% Operating expense rate 23.5%, +72 bps Operating income $8.1 billion, +20.6% Operating income rate 6.5%, +92 bps • Reflects higher gross profit, as noted above, and improved eCommerce economics with higher Walmart+ membership fee revenue • Increase is due primarily to strategic initiatives and inflation Inventory +6.3% Walmart U.S. 12
Read in the filing ↗
The following guidance reflects the Company’s expectations as ofMay 21, 2026, and does not assume any impact from IEEPA tariff refunds. This guidanceis subject to substantial risk and uncertainty that could cause actual results to differ materially from these expectations. These risks and uncertainties include, but are not limited to, the factors set forth below under the heading Forward-looking statements. Additionally, guidance is provided on a non-GAAP basis as the Company cannot predict certain elements that are included in reported GAAP results, such as the changes in fair value of the Company’s equity and other investments. Growth rates reflect an adjusted basis for prior year results. ───────────────────────────────────────────────────────────────────────────── Second quarter The Company’s second quarter fiscal 2027 guidance is based on the following Q2 FY26 figures: Net sales: $175.8 billion, adjusted operating income1: $7.9 billion, and adjusted EPS1:$0.68. Consolidated metric Q2 FY27 Net sales (cc) Increase 4.0% to 5.0% Operating income (cc) Increase 7.0% to 10.0% Adjusted EPS $0.72 to $0.74
Read in the filing ↗
consumer credit, higher consumer debt levels, changes in consumer spending and shopping patterns, fluctuations in currency exchange rates, higher tax rates, imposition of new taxes or other changes in tax laws, changes in healthcare laws, other regulatory changes, the imposition of export and import restrictions, tariffs, trade barriers or other measures that create barriers to or increase the costs associated with international trade, overall economic slowdown or recession and other economic factors in the U.S., or in any of the other markets in which we operate, could adversely affect consumer demand for the products and services we sell in the U.S. or such other markets, change the mix of products we sell to any one or more markets with a lower average gross margin, cause a slowdown in discretionary purchases of goods, adversely affect our net sales, growth rates, operating income and result in slower inventory turnover and greater markdowns of inventory, or otherwise materially adversely affect our operations and operating results and could result in impairment charges to intangible assets, goodwill or other long-lived assets.
Read in the filing ↗
The following forward-looking statements reflect the Company’s expectations as ofFebruary 19, 2026, and are subject to substantial uncertainty. The Company’s results may be materially affected by many factors, such as fluctuations in foreign currency exchange rates, changes in global economic and geopolitical conditions, tariff and trade policies, customer demand and spending, inflation, interest rates, world events, and the various other factors detailed in this release, including those set forth below under the heading Forward-looking statements. Additionally, guidance is provided on a non-GAAP basis as the Company cannot predict certain elements that are included in reported GAAP results, such as the changes in fair value of the Company’s equity and other investments. Growth rates reflect an adjusted basis for prior year results. ───────────────────────────────────────────────────────────────────────────── First quarter The Company’s first quarter fiscal 2027 guidance is based on the following Q1 FY26 figures: Net sales: $164.0 billion, operating income: $7.1 billion, and adjusted EPS1:$0.61. Consolidated metric Q1 FY27 Net sales (cc) Increase 3.5% to 4.5% Operating income (cc) Increase 4.0% to 6.0% Adjusted EPS $0.63 to $0.65
Read in the filing ↗
• Reported operating income increased +28.8% relative to +5.9% net sales growth • Adjusted operating income (cc)1 up +17.4% relative to +5.0% growth in net sales (cc)1 • Reflects strong sales growth, higher gross margins, including tariff refund benefits, and global membership growth; partially offset by expense deleverage • Q2 FY27 net income margin decreased by ~60 bps and adjusted EBITDA margin1 increased ~70 bps 1 See additional information at the end of this presentation regarding non-GAAP financial measures. Operating income Operating income Adjusted operating income (cc)1 $7.3 $6.7 $8.7 $7.5 $9.4 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Y/Y Change (cc)1 +0.4% +8.0% +10.5% +5.1% +17.4% Y/Y Change (8.2%) (0.2%) +10.8% +5.0% +28.8% Y/Y Change (cc)1 (7.0%) (1.0%) +9.1% +2.5% +26.9% $8.0 $7.2 $8.6 $7.5 $9.2 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Adjusted operating income (cc)1 of $9.2 billion, up +17.4% Amounts in billions, except as noted. Dollar changes may not recalculate due to rounding. 6
Read in the filing ↗
The following forward-looking statements reflect the Company’s expectations as ofAugust 21, 2025, and are subject to substantial uncertainty. The Company’s results may be materially affected by many factors, such as fluctuations in foreign currency exchange rates, changes in global economic and geopolitical conditions, tariff and trade policies, customer demand and spending, inflation, interest rates, world events, expenses pertaining to general liability claims, for which we self-insure, and the various other factors detailed in this release, including those set forth below under the heading Forward-looking statements. Additionally, guidance is provided on a non-GAAP basis as the Company cannot predict certain elements that are included in reported GAAP results, such as the changes in fair value of the Company’s equity and other investments. Growth rates reflect an adjusted basis for prior year results. ────────────────────────────────────────────────────────────────────────────── Third quarter The Company’s third quarter fiscal 2026 guidance is based on the following Q3 FY25 figures: Net sales: $168.0 billion, operating income: $6.7 billion, and adjusted EPS1:$0.58. Consolidated metric Q3 FY26 Increase 3.75% to 4.75% Net sales (cc) •Including approximately 20 bps tailwind from acquisition of VIZIO Increase 3.0% to 6.0% Operating income (cc) •Including approximately 140 bps headwind from acquisition of VIZIO Adjusted EPS $0.58 to $0.60
Read in the filing ↗
… The Company’s results may be materially affected by many factors, such as fluctuations in foreign currency exchange rates, changes in global economic and geopolitical conditions, tariff and trade policies, customer demand and spending, inflation, interest rates, world events, and the various other factors detailed in this release. Additionally, guidance is provided on a non-GAAP basis as the Company …
Read in the filing ↗
… exchange rates, higher tax rates, imposition of new taxes or other changes in tax laws, changes in healthcare laws, other regulatory changes, the imposition of export and import restrictions, tariffs, trade barriers or other measures that create barriers to or increase the costs associated with international trade, overall economic slowdown or recession and other economic factors in the U.S …
Read in the filing ↗
… Our operating income outlook reflects the continued prioritization of tariff refunds received in Q2 into customer experience and price investments in the second half. For this reason, I encourage you to consider Q2 and Q3 performance together to assess the underlying growth of the business,” said John David Rainey, Walmart Inc. executive vice president and chief financial officer. ────────────────────────────────────────────────────────────────────────────── Third quarter …
Read in the filing ↗
… The Company’s results may be materially affected by many factors, such as fluctuations in foreign currency exchange rates, changes in global economic and geopolitical conditions, tariff and trade policies, customer demand and spending, inflation, interest rates, world events, and the various other factors detailed in this presentation. Additionally, guidance is provided on a non-GAAP basis as the Company …
Read in the filing ↗
… cc = constant currency Guidance 2 The following guidance reflects the Company’s expectations as of May 21, 2026, and does not assume any impact from IEEPA tariff refunds. This guidance is subject to substantial risk and uncertainty that could cause actual results to differ materially from these expectations. These risks and uncertainties include, but are not limited to, the factors …
Read in the filing ↗
… The Company’s results may be materially affected by many factors, such as fluctuations in foreign currency exchange rates, changes in global economic and geopolitical conditions, tariff and trade policies, customer demand and spending, inflation, interest rates, world events, expenses pertaining to general liability claims, for which we self-insure, and the various other factors detailed in this presentation. Additionally …
Read in the filing ↗
… The Company’s results may be materially affected by many factors, such as fluctuations in foreign currency exchange rates, changes in global economic and geopolitical conditions, tariff and trade policies, customer demand and spending, inflation, interest rates, world events, and the various other factors detailed in this presentation. Additionally, guidance is provided on a non-GAAP basis as the Company …
Read in the filing ↗
… The Company’s results may be materially affected by many factors, such as fluctuations in foreign currency exchange rates, changes in global economic and geopolitical conditions, tariff and trade policies, customer demand and spending, inflation, interest rates, world events, expenses pertaining to general liability claims, for which we self-insure, and the various other factors detailed in this presentation. Additionally …
Read in the filing ↗ Also in 8-K of Aug 20, 2026
… and Walmart's international operations; changes in existing tax, labor and other laws and regulations and changes in tax rates including the enactment of laws and the adoption and interpretation of administrative rules and regulations; the imposition of new taxes on imports, new tariffs and changes in existing tariff rates; the imposition of new trade restrictions and changes in existing …
Read in the filing ↗ Also in 8-K of Aug 15, 2024, 8-K of Nov 19, 2024, 8-K of Feb 20, 2025, 8-K of Nov 16, 2023, 8-K of Feb 20, 2024
… and Walmart's international operations; changes in existing tax, labor and other laws and regulations and changes in tax rates including the enactment of laws and the adoption and interpretation of administrative rules and regulations; the imposition of new taxes on imports, new tariffs and changes in existing tariff rates; the imposition of new trade restrictions and changes in existing …
Read in the filing ↗ Also in 8-K of May 16, 2024, 8-K of Aug 15, 2024, 8-K of Nov 19, 2024, 8-K of Feb 20, 2025, 8-K of Feb 20, 2024, 8-K of May 15, 2025, 8-K of Nov 20, 2025, 8-K of Aug 21, 2025, 8-K of Feb 19, 2026
… statements under the caption "Overview" regarding future changes to our business and our expectations about the potential impacts on our business, financial position, results of operations or cash flows as a result of macroeconomic factors such as geopolitical conditions, tariffs and trade restrictions, supply chain disruptions, volatility in employment trends and consumer confidence; statements under the caption "Overview" relating to …
Read in the filing ↗ Also in 10-Q of May 29, 2026, 10-Q of Aug 29, 2025, 10-Q of Dec 3, 2025
… and Walmart's international operations; changes in existing tax, labor and other laws and regulations and changes in tax rates including the enactment of laws and the adoption and interpretation of administrative rules and regulations; the imposition of new taxes on imports, new tariffs and changes in existing tariff rates; the imposition of new trade restrictions and changes in existing …
Read in the filing ↗ Also in 8-K of Nov 20, 2025, 8-K of May 21, 2026, 8-K of Aug 21, 2025, 8-K of Feb 19, 2026, 8-K of Aug 20, 2026
… and Walmart's international operations; changes in existing tax, labor and other laws and regulations and changes in tax rates including the enactment of laws and the adoption and interpretation of administrative rules and regulations; the imposition of new taxes on imports, new tariffs and changes in existing tariff rates; the imposition of new trade restrictions and changes in existing …
Read in the filing ↗ Also in 8-K of Aug 20, 2026