Walmart Inc (NYSE:WMT, XETRA:WMT) shares fell nearly 7% after the grocery chain reported its first quarter earnings, as investors weighed solid revenue growth against softer-than-expected forward guidance. For the quarter, Walmart reported revenue of $177.75 billion, compared with analyst expectations of $174.95 billion, representing a 7.3% increase from a year earlier.
Walmart (NASDAQ:WMT) shares are taking a fall this morning, after weak earnings guidance overshadowed upbeat first-quarter revenue and earnings that came in line with expectations.
Walmart on Thursday revealed a disappointing full-year forecast, even after it saw relatively strong sales in the first quarter, as high gas prices eat into shoppers' wallets.
The headline numbers for Walmart (WMT) give insight into how the company performed in the quarter ended April 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Walmart has been one of the few mega-cap retail names trading near multi-year highs, and an affirmed outlook for the full year simply was not enough to push shares higher.
Walmart (WMT) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.61 per share a year ago.
Shares of Walmart (WMT) fell on Thursday after the retail giant reported quarterly results that met earnings expectations but issued a softer-than-expected profit outlook for the current quarter, disappointing investors despite continued sales growth and strong e-commerce momentum. The company said rising fuel prices are beginning to alter consumer spending patterns, pushing more budget-conscious shoppers toward Walmart stores while also increasing the retailer's transportation and logistics costs.
Walmart's stock falls as investors express disappointment in the earnings outlook.
The retailer said shoppers pushed its grocery, general merchandise and online sales higher in the most recent quarter.
Walmart will report fiscal first-quarter earnings before the bell on Thursday. Analysts are expecting earnings per share of 66 cents on revenue of $175 billion, according to consensus estimates from LSEG.
Walmart is scheduled to report their Q1 '27 financial results before the opening bell on Thursday, May 21, '26. Consensus sell-side expectations are for $174.95 billion in revenue, $7.75 billion in operating income and $0.66 in EPS for “expected” y-o-y growth of 5.6%, 8.8% and 8.2%. WMT is trading at roughly 46x expected '27 earnings for 10% EPS growth this year, on 6% expected revenue growth.
Walmart is widening its lead over competitors as tariffs, inflation pressures and tighter household budgets reshape U.S. retail. The company has strengthened its position by leaning on its size, expanding digital operations and building higher-margin businesses that help offset cost pressures, according to a Reuters report Tuesday (May 19).