Walmart Inc. (WMT) Announced Q1 2027 Earnings on May 21, 2026, Reporting "Consolidated revenue in constant currency increased nearly $10 billion".

For the first quarter, management stated that "Consolidated revenue in constant currency increased nearly $10 billion". They reported "First quarter adjusted operating income growth in constant currency of approximately 5%" alongside a "gross margin expansion of 29 basis points". The company noted it absorbed "approximately $175 million or about 250 basis points of operating income growth from higher-than-planned fuel costs".Key business updates highlighted that "Enterprise e-commerce sales grew 26%" and "3P marketplace sales growth in the U.S. reached the highest level in 2.5 years". Management mentioned that "our advertising business had one of its best quarters growing 37% globally". Delivery capabilities expanded, with executives noting that "More than 36% of all U.S. store-fulfilled deliveries in the quarter were delivered in less than 3 hours" and "sales utilizing store fulfilled delivery have more than doubled over the past 2 years". The company also highlighted its value proposition, maintaining "about 7,200 rollbacks in place".Product and platform updates included strong growth for the AI shopping agent, "Sparky", with management stating that "Weekly active users are up over 100% just in the last quarter" and "units purchased through Sparky have grown more than 4x the previous quarter". Private brands like "Great Value and Equate" continued to drive engagement, alongside a "recent refresh of great value". The company also reached a milestone when they "hit our 1 millionth drone delivery in Q1 for the life of that program".For forward guidance, management expects a "Q2 outlook of 4% to 5% growth" for sales and stated, "For Q2 operating income in constant currency, we expect growth of 7% to 10%". Quarterly earnings expectations are "EPS of $0.72 to $0.74". The company is "reiterating our full year guidance of constant currency sales growth between 3.5% and 4.5%" with "full year EPS in the range of $2.75 to $2.85".