Analysts expect Walmart to report 3.85% same-store sales growth and $2.97 EPS as shoppers prioritize essentials amid inflation.
Walmart (WMT) is set to release fiscal first-quarter earnings Thursday, with analysts projecting adjusted earnings of $2.97 per share and same-store sales growth of 3.85%. The retailer’s focus on value and groceries has driven momentum, particularly in the US, where comparable sales are expected to rise 4% on higher foot traffic and e-commerce demand.
The results mark the second report under CEO John Furner, following a quarter where Walmart’s conservative fiscal 2027 outlook disappointed investors. The company previously guided for 3.5%-4.5% revenue growth and adjusted earnings of $2.75-$2.85 per share, below Wall Street’s 5% growth forecast. Elevated fuel prices remain a headwind for consumer spending.
Walmart stock has outperformed the S&P 500 this year, rising 20% compared to the index’s 7% gain, reflecting investor confidence in its value-driven strategy.