09:38 AM EDT, 08/21/2025 (MT Newswires) -- Walmart ( WMT ) raised its full-year outlook on Thursday amid expectations for continued market share gains even as the retail giant's fiscal second-quarter earnings missed Wall Street's views.

The retail giant now anticipates adjusted earnings to come in between $2.52 and $2.62 a share for fiscal 2026, including a foreign-exchange headwind of $0.02 to $0.03. The company previously projected adjusted EPS of $2.50 to $2.60, with a negative currency impact of $0.05. The current consensus on FactSet is for non-GAAP EPS of $2.62.

Sales are forecast to rise by 3.75% to 4.75% in constant currency terms for the ongoing fiscal year, up from the prior growth guidance of 3% to 4%. The Street is looking for sales of $705.98 billion.

"This reflects our year-to-date performance and confidence in our team's ability to continue driving share gains in the back half of the year," Chief Financial Officer John David Rainey said during an earnings call, according to a FactSet transcript.

Target ( TGT ) on Wednesday affirmed its full-year outlook, maintaining a cautious approach amid tariff-related headwinds.

For the three months through July, Walmart's ( WMT ) adjusted EPS ticked up to $0.68 from $0.67 the year before, but trailed the average analyst estimate of $0.73. Shares of the company were down 4.5% in Thursday trade.

Net sales improved to $175.75 billion from $167.77 billion in the prior-year period. Total revenue, which includes membership and other income, rose 4.8% to $177.4 billion, topping the market view for $175.94 billion.

US comparable sales excluding fuel advanced 4.6% amid gains in transactions and average ticket. Same-store sales in Sam's Club moved 5.9% higher, excluding fuel. Revenue in the international segment increased to $31.2 billion from $29.57 billion, led by China, Walmex and Flipkart, according to the company.

"With regard to our US pricing decisions, given tariff related cost pressures, we're doing what we said we would do," Chief Executive Doug McMillon said on the call. "We're keeping our prices as low as we can for as long as we can."

The US and the European Union finalized a trade framework on Thursday. President Donald Trump's sweeping new tariffs on imports from several trading partners went into effect earlier in the month. Last week, Trump signed an executive order to extend the tariff suspension on China for another 90 days.

"The impact of tariffs has been gradual enough that any behavioral adjustments by the customer have been somewhat muted," according to McMillon. "But as we replenish inventory at post tariff price levels, we've continued to see our costs increase each week, which we expect will continue into the third and fourth quarters."

For the ongoing three-month period, Walmart ( WMT ) expects adjusted EPS of $0.58 to $0.60, while the Street is estimating $0.57. Sales are pegged to grow by 3.75% to 4.75%. The FactSet-polled consensus indicates sales of $176.03 billion.

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