Walmart Reports Record Earnings and Stock Surge

Walmart Inc. (NYSE:WMT) shares surged to record highs following better-than-expected second-quarter earnings, reporting a revenue of $169.34 billion and earnings per share of $0.67, exceeding analyst estimates. The company raised its full-year sales growth outlook to 3.75% to 4.75%, while adjusted EPS is now projected to be between $2.35 and $2.43. Comparable sales rose 4.2% in the U.S., indicating consumer strength despite broader economic concerns. Walmart's stock climbed over 8% in premarket trading, reflecting optimism in the market, which also saw gains in the Dow Jones Industrial Average. Additionally, Walmart appointed Bob Moritz to its board, enhancing its governance as it continues to perform strongly in a challenging retail environment. Overall, the results underscore Walmart's resilience and growing market share amid shifting consumer preferences towards value-driven retailers.