US' Walmart's Q1 FY26 revenue hits $165.6 bn, e-commerce jumps 22%
The gross margin rate improved by 12 basis points (bps), led by Walmart US operating income which grew by $0.3 billion, or 4.3 per cent. The adjusted income rose 3 per cent in constant currency, supported by improved gross margins, higher membership income, and better e-commerce economics. The global e-commerce sales surged 22 per cent, driven by store-fulfilled pickup, delivery, and marketplace expansion.
Walmart reported revenue of $165.6 billion in Q1 FY26, up 2.5 per cent YoY, with global e-commerce rising 22 per cent. US sales and operating income grew 3.2 per cent and 7 per cent, respectively. International sales were flat but rose 7.8 per cent in constant currency. For FY26, Walmart expects 3â€'4 per cent sales growth and a 3.5â€'5.5 per cent rise in adjusted operating income.
The adjusted earnings per share (EPS) stood at $0.61, excluding a $0.05 net loss on equity and other investments. GAAP EPS stood at $0.56, while adjusted EPS was reported at $0.61. Return on assets (ROA) was 7.5 per cent, and return on investment (ROI) reached 15.3 per cent, up 30 bps. The company also raised $4 billion in long-term debt at favourable rates for general corporate purposes, Walmart said in a press release.
In Q1 FY26, US net sales reached $112.2 billion, up 3.2 per cent. The operating income in US rose to $5.7 billion, reflecting a 7 per cent increase, while adjusted operating income stood at $5.7 billion as well, marking a 4.4 per cent rise YoY.
Meanwhile, Walmart International net sales reached $29.8 billion, nearly flat with the prior year, reflecting a marginal decline of 0.3 per cent. On a constant currency basis, however, net sales rose to $32.1 billion, up 7.8 per cent YoY. The international operating income declined by 17.5 per cent to $1.3 billion, and by 6.4 per cent on a constant currency basis to $1.4 billion.
For the second quarter (Q2) of fiscal 2026 (FY26), Walmart expects net sales to grow by 3.5 to 4.5 per cent in constant currency, based on Q2 FY25 sales of $167.8 billion, including a 20-bps tailwind from the Vizio acquisition.
For the full fiscal 2026 (FY26), Walmart maintains its original guidance issued on February 20, 2025. The company anticipates net sales growth of 3-4 per cent in constant currency. The adjusted operating income is expected to increase by 3.5-5.5 per cent, accounting for a 70 bps. The net interest expense is projected to rise by $100–200 million in FY26.
Fibre2Fashion News Desk (SG)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
US tariff impact: S&P says India's long-term growth story intact; cites reforms and robust domestic demand
S&P Global Ratings on Tuesday said that high US tariffs are unlikely to derail India's long-term growth prospects, citing the government's focus on reforms, infrastructure investment and improving living standards. The ratings agency, which recently upgraded India's sovereign credit rating to 'BBB' with a stable outlook after 18 years, pointed to strong economic fundamentals and fiscal discipline as key drivers, PTI reported. 'Going forward, we expect this growth dynamics will continue to play out over 3 years with growth averaging about 6.8 per cent. If infrastructure and connectivity improve in India, it will remove bottlenecks that are hindering long-term economic growth and bring India's potential growth path even higher,' S&P Global Ratings Director YeeFarn Phua said. India, Phua added, remains one of the strongest and best-performing economies globally. 'Over the past 3-4 years, India has been an outperformer in growth compared to regional peers,' he said at a webinar on India's rating upgrade. On the specific impact of higher tariffs, S&P Asia Pacific Economist Vishrut Rana said India's economy is largely sheltered due to its domestic orientation. 'India's economy is relatively less trade-oriented, with external demand contributing only 15 per cent of the overall economy and 85 per cent driven by domestic factors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo So it is a very heavily domestically oriented economy. That is one element of shelter,' Rana said. He noted that mitigating factors, such as exemptions for some sectors and limited exposure to the US, would cushion the blow. 'It is a complicated environment. There are several mitigating factors which are likely to cushion the overall impact on the economy. Still, we could see some short-term confidence effects on the economy. Medium term, the structural factors — favourable growth path, infrastructure and continued favourable business environment — will determine the growth path,' Rana said. The US has already imposed a 25 per cent tariff on Indian goods effective August 7, with an additional 25 per cent duty scheduled from August 27, taking the total to 50 per cent. Phua stressed that India is staying on course with reforms despite external disruptions. 'These external developments (like high tariffs) can sometimes create some noise but by and large, this government is staying on course and trying to improve the standard of living for its people,' he said. Asked about the tariff impact on growth, Phua underlined that S&P takes a long-term approach. 'Exposure of India to the US in terms of exports is just 1 pc of GDP. So, even though tariffs remain high, we don't think it will have an overall impact on India's long-term growth prospects. Short term, it might have some marginal hit to growth, over a longer term, we believe India's growth story remains sound,' he added. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
India can tango with China, but must watch its step with cold realism
The Chinese minister was expansive about deepening ties, declaring that the setbacks they faced in the past few years were not in China's interests Business Standard Editorial Comment Mumbai Listen to This Article Chinese Foreign Minister Wang Yi's two-day visit to India, a visit coming after three years, is being viewed as signs of a thaw in Sino-Indian relations, which have been frozen since 2020 following the People's Liberation Army's incursions along the Line of Actual Control (LAC) in eastern Ladakh. But the visit, which includes talks with Foreign Minister S Jaishankar and another round of boundary negotiations with National Security Advisor Ajit Doval, also needs to be viewed against the American President's trade wars and the impending deadline for the United States (US) to impose an additional 25 per cent tariff on
Time of India
an hour ago
- Time of India
DK ZP to roll out state's first Akka Cafe Trucks
Mangaluru: Dakshina Kannada zilla panchayat is expanding its women-led food service initiative with the launch of Akka Cafe Trucks, marking a first‐of‐its-kind effort in the state to take Akka cafes on wheels and reach a wider public. The initiative follows the success of two Akka Cafes opened by Adiparshakti women SHG at Ujire and Snehasanjeevini Women SHG at Munnoor in Ullal. Akka Cafe outlets are being opened by women, through self-help groups under National Rural Livelihoods Mission (NRLM). ZP CEO Narwade Vinayak Karbhari told TOI that women SHGs will be given financial aid of up to Rs 15 lakh and Rs 7 lakh for the purchase of trucks and operational costs, respectively. "The Akka Cafe Trucks scheme was announced for the first time recently, and we also received a circular a week ago. We are in the process of identifying locations for the trucks in the district," he said. A proposal for Akka Cafe Trucks will be sent after identifying suitable locations near hospitals and other crowded places, he said. In addition, a proposal has been sent to open an Akka Cafe at the Kukke Subrahmanya Temple premises as well. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo The zilla panchayat also identified various other locations where Akka Cafe can be opened. The Kutumbasri National Resource Unit will check the feasibility and submit a report. Later, the zilla panchayat will submit proposals for additional locations, he said. Speaking of the Akka Cafe at Ujire, the ZP CEO said that the outlet gets an average transaction of Rs 9,000 to Rs 12,000 per day. Meanwhile, the outlet at Munnoor recorded an average transaction of Rs 5,000 to Rs 7,000 daily. "The zilla panchayat has plans to expand the cafe's network by checking feasibility at various locations in the district. The main purpose of the cafe is to empower women through SHGs," he added. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
