Walmart Inc. (NASDAQ:WMT) reports second-quarter earnings before the bell Thursday, with the call at 8 a.m. ET.

On Kalshi, traders are betting on which words CEO John Furner will say on just his third quarterly earnings call since replacing Doug McMillon in February.

Analysts expect earnings of about 74 cents per share, up from 68 cents a year ago, on revenue of roughly $186.8 billion. Consensus sees U.S. comparable sales growth slipping below 4% for the first time since early 2024, according to Reuters.

The stock is up less than 3% this year after tumbling more than 7% on its May report.

What Kalshi Predicts Walmart Will Say