Walmart reported Q1 fiscal 2027 earnings on May 21, 2026. Revenue reached $177.8 billion, marking a 7.3% increase year-over-year. This performance surpassed consensus estimates of $174.8 billion. Adjusted earnings per share hit $0.66, slightly exceeding analyst projections. Global e-commerce sales surged 26% during the quarter. The company's advertising business grew by 37%.
Walmart shares fell over 7% following disappointing forward guidance. Management projected Q2 adjusted EPS between $0.72 and $0.74. This forecast missed the Wall Street estimate of $0.75. Executives warned that geopolitical tensions are driving up fuel costs.
Walmart's cautious outlook dragged down peer retailers and the broader consumer staples sector. The company remains a primary barometer for U.S. consumer health.