Walmart Inc. Common Stock
WMT.US Full Coverage
Last updated:
Volume
52W avg
Day Range
52W High
52W Low
Market Cap
Div Yield
Forward P/E
P/B
Headlines
FY2027 Q1
Walmart’s Q1 topped both revenue and EPS guidance, with the merchandise mix delivering a positive contribution to U.S. gross margin for the first time in 18 quarters and its high‑margin digital businesses now accounting for roughly one‑third of operating income. The beat was underpinned by 5.9% constant‑currency revenue growth, a 26% surge in global e‑commerce, a nearly 50% rise in U.S. marketplace sales, 37% growth in global advertising and the strongest U.S. customer transaction growth in six quarters, all despite a $175 million fuel‑cost headwind.
Consolidated Revenue (cc)
$175.4B
+5.9%
Adjusted EPS
$0.66
+8.2%
Global eCommerce Sales Growth
26.0%
+200 bps
Walmart U.S. Gross Profit Rate
27.8%
+30 bps
Q2 FY27 Adj. Op. Income Growth Outlook (cc)
+7.0% to +10.0%
vs. Q1's +5.1%
What We're Watching
Opportunity
General Merchandise Gross Margin Contribution
📅
Next Quarter
What to Monitor
Whether merchandise category mix continues to be a positive contributor to Walmart U.S. gross margin, especially as the tailwind from Q1 tax refunds subsides.
Why It Matters
Q1 marked a major inflection point after 18 quarters of this metric being a headwind. Sustaining this trend is critical for structurally improving overall profitability and validating the company’s long-term merchandising strategy.
Risk
Impact of Fuel Costs on Pricing & Margins
📅
Ongoing
What to Monitor
Commentary on whether Walmart is passing higher fuel costs through to retail prices, and the resulting impact on its price gaps versus competitors and gross margin performance.
Why It Matters
Management flagged a $175M Q1 headwind from fuel. How they navigate this tests their ability to balance their EDLP value proposition with margin preservation in a potentially inflationary environment.
Operational
U.S. Marketplace Growth Trajectory
📅
Next Quarter
What to Monitor
Whether U.S. Marketplace sales growth can be sustained near the ~50% rate achieved in Q1, which was the best performance in 2.5 years.
Why It Matters
The Marketplace is the primary engine for the high-margin "flywheel" businesses (advertising and fulfillment). Maintaining this momentum is essential for driving the profit streams that are key to the investment thesis.
Risk
Lower-Income Consumer Health
📅
Ongoing
What to Monitor
Further data points on the spending behavior of the lower-income consumer, following the observation that average fuel gallons purchased per visit dropped below 10 for the first time since 2022.
Why It Matters
While Walmart benefits from trade-in during economic stress, significant pressure on its core demographic could dampen overall comparable sales growth and negatively affect the merchandise mix if discretionary spending is curtailed.
Strategic
International Platform Monetization
📅
Ongoing
What to Monitor
Progress updates on Marketplace adoption in Canada and Mexico, and whether the 30% growth rates in international advertising and membership can be maintained or accelerated.
Why It Matters
This represents the next major frontier for Walmart's profit growth. Successfully scaling these platforms internationally would validate the "build once, scale globally" strategy and provide a material new stream of high-margin income.
