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Walmart (WMT) shares fell more than 6% in Thursday trading after the company reported weaker-than-expected fiscal Q2 and fiscal 2027 adjusted EPS guidance.
The company reported fiscal Q1 adjusted earnings of $0.66 per diluted share, up from $0.61 a year earlier.
Analysts surveyed by FactSet expected $0.66.
Revenue for the quarter ended April 30 was $177.75 billion, compared with $165.61 billion a year earlier.
Analysts surveyed by FactSet expected $174.84 billion.
The company said it expects fiscal Q2 adjusted EPS of $0.72 to $0.74. Analysts surveyed by FactSet expect $0.75. Net sales for the quarter are expected to increase 4% to 5%.
For fiscal 2027, Walmart reiterated its adjusted EPS guidance of $2.75 to $2.85. Analysts surveyed by FactSet expect $2.92. Full fiscal year net sales are still projected to be up 3.5% to 4.5%.
Price: $122.12, Change: $-8.73, Percent Change: -6.67%