Steph Wissing
Senior Vice President, Investor Relations
Replay available
Walmart Inc. (NASDAQ: WMT) Q2 2026 earnings conference call, held 2025-08-21. Replay captured from the company's public earnings webcast.

Senior Vice President, Investor Relations
CEO
CFO
Analyst, Morgan Stanley
Analyst, JP Morgan
Analyst, UBS
Analyst, Oppenheimer
Segment CEO, Walmart U.S.
Segment CEO, Sam’s Club
Analyst, Barclays
Analyst, Jefferies
Segment CEO, Walmart International
Analyst, Goldman Sachs
Analyst, Bank of America
Analyst, BMO Capital Markets
Analyst, TD Cowen
Analyst, Piper Sandler
Analyst, Healthy Advisory Group
Greetings. Welcome to Walmart's second quarter fiscal year 2026 earnings call. At this time, all participants will be in listen-only mode. Question and answer session will follow the formal presentation. If anyone today should require operator assistance during the conference, please press star zero from your telephone keypad. Please note this conference is being recorded. I'll now turn the conference over to Steph Wissing, Senior Vice President, Investor Relations. Steph, you may begin. Thank you. Welcome, everyone. We appreciate you joining us and your interest in Walmart. Joining me today from our home office in Bentonville are Walmart CEO Doug McMillan and CFO John David Rainey. Doug and John David will first share their views on the quarter, and then we'll open up the line for your questions. During the question and answer portion, we will be joined by our segment CEOs, John Ferner from Walmart U.S., Kath McClay from Walmart International, and Chris Nicholas from Sam's Club. For additional detail on our results, including highlights by segment, please see our earnings release and accompanying presentation on our website. We will make every effort to answer as many of your questions as we can in the hour we have scheduled for this call. As a courtesy to others, please limit yourself to one question. Today's call is being recorded and management may make forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from these statements. These risks and uncertainties include, but are not limited to, the factors identified in our filings with the SEC. Please review our press release and accompanying slide presentation for a cautionary statement regarding forward-looking statements, as well a...