Retail behemoth Walmart (NASDAQ: WMT) will be announcing earnings results this Thursday before market hours. Here’s what to look for.
Walmart met analysts’ revenue expectations last quarter, reporting revenues of $190.7 billion, up 5.6% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations.
Is Walmart a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Walmart’s revenue to grow 5.6% year on year, improving from the 2.5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Walmart rarely misses Wall Street’s revenue estimates.
Looking at Walmart’s peers in the non-discretionary retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Grocery Outlet delivered year-on-year revenue growth of 3.6%, beating analysts’ expectations by 1.4%, and Sprouts reported revenues up 4.1%, in line with consensus estimates. Grocery Outlet’s stock price was unchanged after the resultswhile Sprouts was up 15.1%.
Read our full analysis of Grocery Outlet’s results here and Sprouts’s results here.
Markets spent late 2025 hand-wringing over AI's threat to software and crypto, only for the US-Iran conflict to seize the narrative in 2026. While some of the non-discretionary retail stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 12.2% on average over the last month. Walmart is up 4.9% during the same time and is heading into earnings with an average analyst price target of $137.78 (compared to the current share price of $134.23).
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