Walmart issues robust Q4 earnings

Walmart reported a strong fiscal fourth quarter, with revenue reaching $190.66 billion, exceeding Wall Street expectations. It is also the first earnings report under new CEO John Furner.

America’s largest private employer saw a 27% jump in US e-commerce sales from three years ago, and 24% jump worldwide. These were driven largely by store-fulfilled deliveries and by Walmart Connect, its advertising business, which grew by 41%.

Walmart hit a milestone this month, becoming the first traditional retailer to reach a $1 trillion market value.

Despite these gains, Amazon has overtaken Walmart as the largest company by annual revenue.

While Walmart is gaining market share across all demographics, CFO John David Rainey noted that growth is mainly from higher-income households earning over $100,000 annually.

Its outlook of a 3.5% to 4.5% sales increase for 2026 fell short of projections.