On 2026-06-23, before the release, RAOSCAFF locked a binary: Walmart's Q2 FY2027 total net sales would grow at least 3.5% year on year. On 20 August the company reported total revenue up 5.9% (+5.1% constant currency) with e-commerce up 23%, and raised full-year guidance — while missing Street expectations on US comparable sales. P-76 is a HIT on the locked metric.
Walmart reported Q2 FY2027 total revenue of $187.9bn, up 5.9% (+5.1% constant currency), with net sales up about 5% in constant currency, global e-commerce up 23% and advertising up 38%. Full-year constant-currency net sales growth guidance was raised to 4.0–5.0% from 3.5–4.5%. Source: Walmart Q2 FY2027 results, 20 August 2026.
We locked a binary: Walmart's Q2 FY2027 total net sales would grow at least 3.5% year on year — a floor set at the bottom of the company's own guidance range rather than at consensus. Total revenue grew 5.9%, or 5.1% in constant currency, and the company raised its full-year range. P-76 resolves as a HIT, clearing the floor by more than two points.
| Measure | Value |
|---|---|
| Locked criterion (2026-06-23) | Q2 FY2027 total net sales growth ≥+3.5% YoY |
| Actual total revenue growth | +5.9% |
| Constant-currency | +5.1% |
| Full-year guidance | Raised to 4.0–5.0% cc, from 3.5–4.5% |
| Result | HIT · cleared by ~2.4 points |
Walmart beat on earnings and revenue but MISSED Street expectations on US comparable sales, and several outlets framed the quarter as disappointing on store performance. Our locked criterion was total net sales growth, not US comps, so the verdict is a hit — but a forecast series that only reports the flattering framing is not a track record, it is marketing. So we state both: the metric we locked cleared comfortably, and the metric we did not lock disappointed. Had we locked US comps instead, this brief would read differently. Choosing the criterion in advance, in public, is precisely what makes the score meaningful.
RAOSCAFF locked P-76 on 2026-06-23, before the print. It is scored here against the company's reported Q2 FY2027 total net sales growth.
Scored on total net sales — the locked metric. US comparable sales, which missed Street expectations in the same quarter, were not the criterion and are disclosed here rather than omitted.