Walmart stock plunges as soaring gas prices hit profits and slam shoppers’ wallets
Walmart's stock fell sharply after the company issued a disappointing full-year forecast due to rising gas prices impacting consumer spending. The retailer expects adjusted earnings per share to be lower than analysts' predictions, leading to a 7.7% drop in shares. Despite challenges, Walmart's e-commerce and advertising divisions showed strong growth in the first quarter.
- ▪Walmart's stock dropped 7.7% after a disappointing earnings forecast.
- ▪The company expects adjusted earnings per share of $2.75 to $2.85 for the year, missing analysts' estimates.
- ▪Rising gas prices and inflation are straining consumer spending, particularly for lower-income shoppers.
Opening excerpt (first ~120 words) tap to expand
Business Walmart stock plunges as soaring gas prices hit profits and slam shoppers’ wallets By Taylor Herzlich Published May 21, 2026, 10:36 a.m. ET See more of our coverage in your search results. Add The New York Post on Google Walmart‘s stock plunged on Thursday after the retail giant revealed a disappointing full-year forecast, as high gas prices eat into shoppers’ wallets. The Bentonville, Ark-based big box retailer said it expects adjusted earnings per share of $2.75 to $2.85, and a net sales jump between 3.5% and 4.5% for the year. After the guidance disappointed investors last year when it was initially released, analysts had estimated Walmart would hike its adjusted earnings forecast to $2.91 a share.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at New York Post.
Discussion
0 commentsMore from New York Post
