Walmart Inc. reported strong financial results for its first quarter of fiscal 2027, with adjusted EPS of $0.66, surpassing estimates of $0.65, and revenue of $177.8 billion, beating projections of $174.6 billion. Consolidated revenue increased by 7.3%, with global eCommerce sales growing by 26%. President and CEO John Furner noted that U.S. comp sales without fuel rose 4.1%, bolstered by traffic and transaction growth.
The company highlighted the significant impact of rising fuel costs, which reduced operating income growth by approximately $175 million. Nonetheless, Walmart maintained its full-year guidance for constant-currency sales growth of 3.5% to 4.5%, along with adjusted EPS expectations of $2.75 to $2.85. CFO John Rainey mentioned that while inflation pressures are present, Walmart will focus on maintaining its pricing strategies and share gains.
Walmart’s marketplace and advertising sectors showed robust growth, with U.S. marketplace sales surging nearly 50% and membership fee revenue increasing by over 17%. The company’s strategic priorities include protecting value, enhancing profit margins, and improving eCommerce efficiency amidst a challenging consumer environment, characterized by spending differences across income levels.
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