Walmart reported earnings before Thursday’s open and over the next few weeks several other big retailers will be reporting earnings too. The big question investors are asking:
Is the Consumer Still Strong? So far, the answer is yes. Let’s dive in and take a look.
Here’s A Closer Look At Walmart’s Earnings
Walmart reported earnings of $0.61 per share for the first quarter of its fiscal year ending April 2025. This result came in ahead of Wall Street’s consensus estimate of $0.57 per share, as well as the more optimistic “Earnings Whisper” forecast of $0.60. Overall, the company exceeded expectations by about 1.67%, signaling a solid start to the fiscal year.
Forward Estimates
Looking ahead to the second quarter, Walmart expects to generate revenue in the range of $173.67 billion to $175.35 billion. In comparison, analysts are currently projecting revenue of $174.86 billion for the quarter ending July 31, 2025, placing Walmart’s guidance slightly above or in line with market expectations.
For the full fiscal year, Walmart reaffirmed its outlook, saying it expects earnings between $2.50 and $2.60 per share, with total revenue projected between $694.74 billion and $701.48 billion. These forecasts are roughly aligned with analyst estimates, which call for $2.59 per share in earnings and $703.73 billion in revenue for the year ending January 31, 2026. You can learn more here.
Company Profile
Walmart describes itself as a people-first, tech-enabled omnichannel retailer, focused on helping customers save money and live better—whether shopping in stores, online, or via mobile. Here’s the full company profile:
Walmart Inc. engages in the operation of retail and wholesale stores and clubs, eCommerce websites, and mobile applications worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates supercenters, supermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; and ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites.
The company also offers grocery items, including dry grocery, snacks, dairy, meat, produce, deli and bakery, frozen foods, alcoholic and nonalcoholic beverages, as well as consumables, such as health and beauty aids, pet supplies, household chemicals, paper goods, and baby products; and fuel and other categories.
In addition, it is involved in the provision of health and wellness products covering pharmacy, optical and hearing services, over-the-counter drugs, and protein and nutrition products; and home, hardlines, and seasonal items, including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, and mattresses.
Further, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Additionally, it operates digital payment platforms; offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access; and markets lines of merchandise under private and licensed brands.
The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.
Tariffs, Shmariffs
Many investors were concerned that the US consumer would be crushed by the tariffs scare earlier this year. So far, that is not the case. That could change in the future but for now, the US consumer remains strong. We still have many more retail stocks reporting earnings over the next few weeks and that will give us more data on the health of the consumer. Until we see any major disasters, the US consumer remains strong.
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