Walmart will report fiscal second-quarter earnings before the bell on Thursday. The largest U.S. retailer warned in May that it would have to raise prices because of President Trump's higher tariffs on imports from other countries.

Investors expect Walmart's management to strike a cautious tone on customer demand as the U.S. labor market cools and inflation ticks up, though the company has outperformed its peers over the last year due to its reliance on grocery sales and wealthier customers shopping there more often.

Retail giant Walmart (WMT) is scheduled to announce its results for the second quarter of Fiscal 2025 on Thursday, August 21. WMT stock has risen 12.95% year-to-date boosted by its reputation as being a value chain during a time of economic uncertainty and pressure on consumer spending.