Walmart has reported revenue of $177.75bn in the first quarter of fiscal 2027 (Q1 FY27), supported by continued e-commerce expansion and higher membership income.
Net sales increased 7.1% year-on-year (YoY) to $175.68bn while membership and other income climbed 27% to $2.06bn.
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On a constant currency basis, total revenue grew 5.9%. Global e-commerce sales advanced 26% during the quarter.
Walmart US e-commerce sales also rose 26%, driven by store-fulfilled delivery, advertising and marketplace operations. Sam’s Club US e-commerce sales increased 23%.
Operating income rose 5% to $7.49bn. The company said the result was negatively impacted by 250 basis points due to higher fuel costs across distribution and fulfilment operations.
Consolidated net income attributable to Walmart increased 18.8% to $5.33bn.
Diluted earnings per share (EPS) stood at $0.67 while adjusted EPS came in at $0.66.
Within the Walmart US segment, net sales rose 4.5% to $117.2bn.
Comparable sales excluding fuel increased 4.1%, with customer transactions up 3.0% and average ticket rising 1.1%.
Adjusted operating income for the division increased 5.7% to $6.0bn.
Walmart International posted net sales growth of 18.0% to $35.1bn, or 10.1% in constant currency terms.
Operating income for the segment increased 10.2% in constant currency.
Currency movements contributed a positive impact of $2.3bn to international sales.
At Sam’s Club US, net sales rose 6.1% to $23.4bn.
Comparable sales excluding fuel increased 3.9%, supported by higher transactions and unit volumes.
Membership and other income for the segment grew 11% while membership fee revenue rose 5.6%.
For Q2 FY27, Walmart forecasts a constant currency net sales growth of 4% to 5% and an adjusted operating income growth of 7% to 10% in constant currency.
The company maintained its full-year fiscal 2027 outlook, projecting constant currency net sales growth of 3.5% to 4.5% and adjusted operating income growth of 6% to 8%.
Walmart said its guidance does not include any impact related to International Emergency Economic Powers Act tariff refunds.
Walmart president and CEO John Furner said: “Our results reflect our continued focus on delivering across the enterprise – better shopping experiences, a broader assortment, and faster delivery.
“Our teams are adopting innovative technologies, driving productivity through automation, and growing higher-margin commerce solutions. It’s a disciplined approach that’s helping us grow the business and strengthen returns.”
