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Feb 19, 2026 12:01 PM

Walmart CEO Says US Spending Resilient, But Lower Income Household Wallets Stretched

Walmart Inc. (NYSE:WMT) stock turned volatile on Thursday after the company issued a worse-than-expected fiscal 2027 outlook.

• WMT stock may gain traction. See the full story here.

Earnings Snapshot

The company reported adjusted earnings per share of 74 cents, beating the Street view of 73 cents.

Sales of $190.70 billion rose 5.6% year over year (up 4.9% in constant currency), topping the analyst consensus estimate of $190.43 billion.

Quarterly gross margin rate improved 13 basis points (bps), led primarily by Walmart U.S. results. Adjusted operating income rose 10.5% Y/Y in the quarter.

Operating cash flow stood at $41.6 billion and free cash flow at $14.9 billion in the year.

Walmart exited the fourth quarter with cash and equivalents worth $10.7 billion and total debt of $51.5 billion.

Segment Performance

Walmart U.S. revenue rose 4.6% Y/Y to $129.2 billion, driven by strong eCommerce momentum (+27% Y/Y) thanks to improved store-fulfilled pickup & delivery, advertising, and marketplace.

Walmart International sales increased 11.5% Y/Y to $35.9 billion, with growth led by Flipkart, China, and Walmex. Transaction counts and unit volumes improved across ...