A condensed guide to minimalism

Walmart (NYSE:WMT) is scheduled to announce Q2 earnings results on Tuesday, August 16th, before market open.

This will mark its first earnings since bloated inventory levels reflected in its first quarter report sent shares spiraling in May.

Additionally, in the weeks ahead of the report, the Arkansas-based retail behemoth warned profits are due to fall for the second half of 2022 amid inflationary impacts.

Walmart (WMT) said its operating margin was now expected to be about 4.2% for Q2, and comparable sales for Walmart U.S., excluding fuel, are expected to be about 6%

Consolidated net sales growth for Q2 are estimated at 7.5% while adj. EPS for Q2 is expected to decline around 8 to 9%.

The current consensus is an EPS of $1.60 (-10.1% Y/Y) and revenue of $149.96B (+6.4% Y/Y).

Walmart's shares are down -8.20% YTD. Shares of the retailer and its peers have started to make a recovery since dropping off in May

Morgan Stanley has warned that this recovery may be short-lived, with bad news likely to continue flowing into H2 2022.

The company is likely to complete its inventory clearing actions by the close of the year.

Walmart has been among several retailers cutting staff in recent weeks to trim costs, including Best Buy