Walmart (NYSE:WMT) reported Q1 results that beat revenue expectations but issued guidance below analyst estimates, sending shares down 2% premarket.
Revenue came in at $177.8 billion, above the consensus estimate of $174.83 billion and up 7.3% year-over-year. Adjusted EPS was $0.66, in line with expectations.
Global e-commerce sales surged 26%, and advertising business grew 37%. However, operating income growth of 5.0% was impacted by 250 basis points from higher fuel costs.
For Q2, Walmart expects adjusted EPS of $0.72-$0.74, below the consensus of $0.75. For fiscal 2027, it reiterated adjusted EPS guidance of $2.75-$2.85, below the consensus of $2.92.
