00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Walmart reported fiscal first quarter results Thursday while issuing a worse-than-expected
00:07financial outlook, as high gas prices strain shoppers' budgets and raise concerns about
00:13U.S. consumer health, according to CNBC. The retail giant maintained its fiscal 2027 outlook,
00:20projecting adjusted earnings per share of $2.75 to $2.85, below analyst expectations of $2.91.
00:30Walmart posted 7% revenue growth in the first quarter, driven by e-commerce gains and higher
00:35income shoppers, even as its outlook came in weaker than expected. CEO John David Rainey said
00:41consumers will likely feel greater pressure from high fuel prices in the second quarter
00:44as the cushioning effect of tax refunds fades. Walmart reported adjusted earnings per share
00:50of $0.66, matching expectations. While revenue of $177.75 billion topped the expected $174.98
00:59billion. Shares slipped about 2% in Thursday's pre-market trading. For all things money,
01:05visit Benzinga.com.
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