Walmart increases grocery discounts amid economic headwinds

1. Walmart reported $177.4 billion in Q2 revenue, beating expectations. 2. E-commerce sales surged 26%, driven by strong discounts and convenience. 3. The company faced rising costs, setting aside $450 million for insurance. 4. Fiscal 2026 outlook raised, projecting sales growth of 3.75% to 4.75%. 5. Grocery sales increased with 30% more discounts compared to last year.