Walmart (WMT) Earnings Q1 2027
February 18, 2027 @ 4:05 pm - 5:05 pm
Walmart (WMT) Earnings Q1 2027
Next WMT Quarterly Earnings: Thursday, at 4:05 pm ET (9:05 pm London).
Date to be confirmed by the publisher; this is the scheduled date.
- Consensus
- Not yet published
- Prior
- Q3 FY2026: net sales $177.8bn
- Actual
- Pending
Updated
Walmart Inc. (NYSE/NASDAQ: WMT) is scheduled to report its fiscal first-quarter 2027 results on Thursday, February 18, 2027, with the earnings release expected before the US market opens and a conference call typically held around 4:05 pm ET (9:05 pm London) to cover the quarter in detail. Walmart has not yet confirmed this date publicly; the retailer usually reports its fiscal first-quarter results in the second half of February, so the schedule here is an estimate based on that established pattern. As the world’s largest retailer by revenue, Walmart’s results are watched closely as an early read on US and global consumer spending, grocery price trends and the health of lower- and middle-income households. Full schedule and background: Walmart earnings dates.
What is Walmart Q1 FY2027 earnings?
This is Walmart’s quarterly results announcement, one of four scheduled reports each fiscal year (Walmart’s fiscal year runs from February to January, so “Q1 FY2027” covers the three months to roughly late April 2027, reported ahead of that period closing in the estimate used here, consistent with Walmart’s practice of reporting Q1 shortly after the quarter ends). The release includes net sales, operating income, adjusted earnings per share (EPS, the profit allocated to each outstanding share after adjusting for one-off items), comparable sales for Walmart US, and performance detail for Walmart International and Sam’s Club. Chief executive Doug McMillon and chief financial officer John David Rainey typically lead the earnings call, taking questions from sell-side analysts who cover the stock for banks and brokerages.
Markets care about this release because Walmart serves a huge share of US households across income levels and operates a large international footprint, including businesses in Mexico, Central America, China and India through its Flipkart stake. Its commentary on pricing, tariffs, inventory and consumer trade-down behaviour often shapes how investors read the broader US retail and labour market picture, with knock-on effects for related stocks in Europe and Asia that supply or compete with Walmart.
When is Walmart Q1 FY2027 earnings and how to follow it
Walmart typically issues its earnings release via a Form 8-K filed with the US Securities and Exchange Commission (SEC) before the market opens, alongside a results presentation posted on its investor relations website. The call for analysts and media usually begins in the early afternoon ET. Because the February 18, 2027 date has not been formally confirmed by Walmart at the time of writing, readers should check Walmart’s investor relations page nearer the time for the confirmed date and dial-in or webcast details. As a general rule, Walmart reports fiscal first-quarter results in the third week of February.
What to expect
At the time of writing, a consensus forecast specifically for Walmart’s fiscal first-quarter 2027 results from analysts surveyed by services such as Zacks or Visible Alpha has not yet been published, since this falls several quarters ahead of the most recently reported period. The most recent guidance Walmart itself has issued pointed to adjusted EPS of $0.63 to $0.65 for fiscal Q1 2027, according to Walmart’s own fiscal fourth-quarter 2026 earnings presentation filed with the SEC. Investors will likely focus on whether Walmart’s US comparable sales growth, excluding fuel, holds up after a run of beats, whether e-commerce and advertising revenue (Walmart Connect) keep growing at double-digit rates, and whether gross margins hold given tariff-related cost pressure. Guidance for the rest of fiscal 2027 will be watched closely, as will any update on membership income growth at Sam’s Club and Walmart+.
In the most recently reported quarter before this one, Walmart’s fiscal third-quarter 2026 results (announced November 20, 2025) showed net sales of $177.8 billion and adjusted EPS of $0.62, beating the $0.60 per share analysts had expected, according to a report from CNBC. Walmart’s fiscal second-quarter 2027 results, announced August 20, 2026, showed revenue of $187.94 billion against a consensus estimate of $186.62 billion, with adjusted EPS of $0.81 beating the $0.74 analysts had forecast, according to data compiled by MarketBeat. These recent beats mean expectations heading into the February 2027 report are likely to be elevated, though the specific Q1 FY2027 consensus figure will only firm up as the date approaches and analysts publish updated models.
What the outcome could mean
| Scenario | Likely market read | Plain-English meaning |
|---|---|---|
| Beat on EPS and sales, raised guidance | Shares likely rise; seen as confirmation consumer spending remains resilient | Walmart earned more than expected and expects a stronger year ahead, often read as a positive signal for the wider economy |
| In line with Walmart’s own guidance | Muted share reaction, focus shifts to management commentary | Results broadly match what Walmart had already told investors to expect, so there is little new information to trade on |
| Miss on EPS or sales, or guidance cut | Shares likely fall; could weigh on other retailers and consumer discretionary stocks | Walmart earned less than expected or sees weaker demand ahead, which investors may interpret as a warning sign for household spending |
What It Means for Your Money
Walmart is one of the most widely held stocks in the world because it sits inside most major US and global index funds, including those tracking the S&P 500. This means Walmart’s results flow through to pension pots and workplace retirement accounts even for people who have never bought the stock directly, in the US, the UK and across Europe and Asia where global equity trackers are common. A strong report can lift the broader retail and consumer sector, while a weak one can drag on related stocks, including UK-listed retailers and consumer goods suppliers that sell into Walmart’s supply chain.
For shoppers, Walmart’s commentary on pricing and tariffs is a useful early signal of where US grocery and household goods prices may be heading, since Walmart sources heavily from overseas suppliers and has previously flagged that tariffs add cost pressure. Currency moves matter too: a stronger dollar can make Walmart’s international earnings, including from Mexico and India, worth less when converted back, and can also affect how import costs are priced for UK and European retailers competing in similar categories. For US workers, Walmart is one of the country’s largest private employers, so hints about hiring, wages or store investment plans can be a small but real indicator of US labour market conditions that also feeds into Federal Reserve policy debates watched globally.
Related events
- Walmart (WMT) Q3 FY2026 earnings, November 2026
- US monthly retail sales report (released by the US Census Bureau)
- Federal Reserve interest rate decisions, which shape US consumer borrowing costs and spending power
Frequently Asked Questions
What time does Walmart report Q1 FY2027 earnings?
Based on Walmart’s usual pattern, the release is expected before the US market opens on February 18, 2027, with an analyst call typically around 4:05 pm ET (9:05 pm London), though Walmart has not yet confirmed the exact date or time.
What was Walmart’s previous quarterly result?
In its fiscal third-quarter 2026 report, Walmart posted net sales of $177.8 billion and adjusted EPS of $0.62, ahead of the $0.60 analysts had expected.
Is there a consensus forecast for this report yet?
Not yet. A Wall Street consensus specific to fiscal Q1 2027 has not been published at the time of writing; Walmart’s own guidance points to adjusted EPS of $0.63 to $0.65 for the quarter.
Why does Walmart’s earnings report matter beyond its own shareholders?
Walmart’s scale and broad customer base across income levels make its results a widely used barometer of US consumer health, affecting sentiment toward retail stocks, pension funds holding index trackers, and broader economic debate.
Where can I watch or read the results?
Walmart typically posts its earnings release and presentation on its investor relations website and files the results with the SEC, alongside a live webcast of the analyst call.