{"id":8384,"date":"2026-05-21T12:01:41","date_gmt":"2026-05-21T12:01:41","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=8384"},"modified":"2026-05-21T12:01:41","modified_gmt":"2026-05-21T12:01:41","slug":"walmart-delivers-another-strong-quarter-but-also-a-cautious-outlook-due-to-economic-uncertainty","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=8384","title":{"rendered":"Walmart delivers another strong quarter but also a cautious outlook due to economic uncertainty"},"content":{"rendered":"
\n

By ANNE D\u2019INNOCENZIO, AP Retail Writer<\/strong><\/p>\n

NEW YORK (AP) \u2014 Walmart delivered another quarter of impressive sales as speedy deliveries and low prices served as a magnet for shoppers across the income spectrum.<\/p>\n

Read more Documents show Queen Elizabeth was eager for ex-Prince Andrew to become trade envoy<\/a><\/p>\n

Yet like other major retailers posting financial results this week, it was cautious about the rest of the year given the current economic uncertainty. On Thursday, it issued a forecast for the current quarter that was weaker than what Wall Street had been expecting.<\/p>\n

Walmart has resonated with many Americans who are increasingly careful about where they spend their money as inflation has taken a bigger bite out of paychecks, particularly since the start of the Iran war in late February. Traffic at Walmart can be a barometer of consumer spending given its vast customer base. More than 150 million customers are on its website or in its stores every week, according to Walmart.<\/p>\n

Walmart\u2019s promise of lower prices, improved merchandise and faster delivery has broadened its base to include wealthier shoppers, with the biggest gains in market share coming from households with annual income over $100,000. That development is taking place as lower-income shoppers become more entrenched in what economists call a K-shaped economy.<\/p>\n

\u201cOur results reflect our continued focus on delivering across the enterprise \u2014 better shopping experiences, a broader assortment, and faster delivery,\u201d CEO John Furner said in a statement Thursday.<\/p>\n

Yet U.S. retailers have spent months navigating an uncertain economic environment, first with President Donald Trump\u2019s tariffs, and now the impact soaring gasoline prices due to the war. The average price for a gallon of regular gasoline has raced higher this week, and did so again overnight. Gasoline prices are 40% above where they were at this time last year.<\/p>\n

Based on early reports from retailers including Target and Home Depot, shoppers are cautious but still spending, helped by more generous tax refunds, economists said. Yet there is a widespread belief that once of those benefits dry up, shoppers will pull back their buying<\/p>\n

\n<\/div>\n

Target reported the largest jump in comparable sales in four years Wednesday, but a cautious outlook overshadowed convincing evidence that changes under the company\u2019s new CEO are resonating with customers. Target raised its annual revenue outlook, but the upgraded sales expectations were still below the pace of the first quarter given so much economic uncertainty.<\/p>\n

The nation\u2019s two largest home improvement retailers Home Depot and Lowe\u2019s this week reported a sales lift from professionals and also homeowners stocking up on spring supplies. But executives from both companies said that customers are still holding back on larger discretionary home projects.<\/p>\n

\u201cI think, overall, this has been the most difficult housing market that that I\u2019ve faced in this business since the financial crisis, \u201d Lowe\u2019s CEO Marvin Ellison told analysts on Wednesday.<\/p>\n

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Walmart, based in Bentonville, Arkansas reported first-quarter earnings of $5.33 billion, or 67 cents for the quarter ended April 30. Adjusted per-share results were 66 cents, matching the 66 cents that analysts expected, according to FactSet.<\/p>\n

\n<\/div>\n

For the year-ago quarter, the company reported net income of $4.48 billion, or 56 cents per share.<\/p>\n

Sales rose 7.3% to $177.75 billion in the fiscal first quarter, above the $174.84 billion that analysts predicted,<\/p>\n

Comparable sales at U.S. Walmart stores, including online sales, rose 4.1% during the three-month period ended April 30. That\u2019s below the 4.6% gain in the fourth quarter.<\/p>\n

The company said Thursday that consumers are feeling some economic pressure, but sales strength has persisted and it saw one of its strongest quarters of market share gains.<\/p>\n

For the second quarter, Walmart expects sales will be 4% to 5% higher than the same period a year ago. That brings the range to between $182.8 billion and $184.59 billion. It also expects per-share profit to be between 72 cents and 74 cents. Analysts had been projecting per-share earns of 75 cents on sales of $186.2 billion, according to FactSet.<\/p>\n

For the year, Walmart stuck to the guidance it issued in February of per-share earnings between $2.75 and $2.85, and an increase in sales of between 3.5% and 4.5%, or between $731.1 billion and $738.2 billion.<\/p>\n

Wall Street has been anticipating profits of $2.92 per share on sales of $749.01 billion for the year.<\/p>\n

Read more Trump\u2019s proposed Washington arch gets another review<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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