Walmart Delivers Strong Sales, But Cautious on Outlook

Retail giant sees broad customer growth, but warns of economic uncertainty ahead.

Published on Mar. 1, 2026

Got story updates? Submit your updates here. ›

Walmart reported impressive fourth-quarter sales, with strong growth across its business including a 27% increase in U.S. e-commerce. However, the retail giant struck a cautious tone on its outlook, citing an uncertain economic environment and slowing consumer sentiment.

Why it matters

Walmart's performance is seen as a barometer of consumer spending, given its vast customer base of over 150 million weekly shoppers. Its results and outlook provide insights into the health of the broader economy and consumer trends.

The details

Walmart's fourth-quarter earnings rose to $4.24 billion, or 53 cents per share, on sales of $190.7 billion, a 5.6% increase. Adjusted earnings were 74 cents per share, topping Wall Street expectations. Comparable sales, including online, rose 4.6% after a 4.5% increase in the previous quarter. The company cited strength in groceries and fashion. Walmart's U.S. e-commerce business grew 27%, accounting for 23% of overall sales.

  • Walmart reported earnings for the quarter ended January 31, 2026.

The players

Walmart

The largest retailer in the world, with over 150 million weekly customers in its stores and online.

John Furner

The new CEO of Walmart, taking over from Doug McMillon this month.

John David Rainey

Walmart's Chief Financial Officer.

Got photos? Submit your photos here. ›

What they’re saying

“We continue to see (their) wallets are stretched, and in some cases, people are managing spending paycheck to paycheck.”

— John Furner, CEO (Earnings call)

“Given that we are as large as we are and so tied to consumer health and the economy, we want to maintain maximum flexibility and not get out ahead of ourselves at this point in the year.”

— John David Rainey, Chief Financial Officer (Earnings call)

What’s next

Walmart will provide more details on its outlook for the current quarter and full year when it holds its earnings call with analysts.

The takeaway

Walmart's strong sales performance highlights its ability to attract a broad range of customers, including wealthier shoppers, during a period of economic uncertainty. However, the company's cautious outlook suggests it is bracing for potential challenges ahead in the consumer environment.