Walmart reports lower sales forecast

Walmart reported fiscal first-quarter results that exceeded Wall Street revenue forecasts but issued a weaker-than-expected outlook for the current quarter and full year. 91 consensus.

98 billion a year earlier. Adjusted earnings per share came in at 66 cents, matching analyst estimates. 49 billion, or 56 cents per share, in the same period last year.

5 percent and expects second-quarter sales to rise 4 percent to 5 percent. Finance chief John David Rainey said higher tax refunds had muted the effect of elevated gas prices during the first quarter. " — John David Rainey, May 2026 (CNBC) Rainey added that the company absorbed a $175 million fuel-price headwind in the first quarter and expects a larger impact in the current quarter if prices remain elevated.

The outlook comes as consumer sentiment has fallen to a record low in May amid higher gas prices, a new Middle East conflict, and ongoing inflation concerns. Walmart shares fell about 2 percent in premarket trading following the report.