Retail giant Walmart (NASDAQ: WMT) stock fell 12% in May, according to data provided by S&P Global Market Intelligence.
Although it released a strong earnings report, it also warned that pressure might be coming
Looking to Walmart for value Walmart has the largest network of physical stores in the world, with more than 10,000 global locations. It’s also a discount retailer, so it plays an even more important role when shoppers are feeling the pinch of inflation. That’s been going on for a while, and Walmart has been outperforming over the past few years.
It demonstrated robust results in the fiscal 2027 first quarter (ended April 30), with a 7.3% year-over-year increase in revenue and 4.1% increase in U.S. comparable sales. Operating income was up 5% over last year, and earnings per share rose from $0.61 to $0.66. It continues to take market share in e-commerce, which was up 26% year over year, an acceleration.