Walmart (WMT) earnings Q1 2027
Finance Walmart (WMT) earnings Q1 2027 issued a worse-than-expected financial outlook on Thursday as it reported fiscal first-quarter results, raising questions about the health of the U.S. consumer as high gas prices strain shopper budgets. The mega retailer stood by its fiscal 2027 outlook, which disappointed investors last quarter when it was issued. The retailer said its expecting adjusted earnings per share to be between $2.75 and $2.85, lower than expectations of $2.91, according to LSEG. Walmart said it anticipates net sales will rise between 3.5% and 4.5% for the year. Walmart also issued its outlook for its current quarter, which came in light of expectations, as well. It expects adjusted earnings per share will be between 72 cents and 74 cents, missing expectations of 75 cents. Walmart anticipates net sales will climb 4% to 5% for the quarter. Walmart‘s weaker-than-expected outlook comes as the largest U.S. retailer and its peers post relatively strong sales for the first quarter. The company’s revenue rose 7% in the first quarter, as the value player continues to see gains in its e-commerce business and with higher-income shoppers. So far this earnings season, other major companies have also said consumer spending has held up in the face of higher gas