US Stock Market Move | Income and profit guidance for fiscal year 2026 is lower than expected, causing Walmart Inc. (WMT.US) to drop over 6%.

On Thursday, Walmart Inc. (WMT.US) stock price fell, marking its largest decline since November 2023. As of the time of writing, the stock dropped over 6% to $97.57. The company's revenue and profit guidance for the fiscal year 2026 was lower than expected. The company expects adjusted earnings per share for FY2026 to be between $2.50 and $2.60, lower than the estimated $2.77. Sales are projected to grow by 3% to 4%, below analysts' expectations of 4%. Walmart Inc. warned that after experiencing steady growth for several quarters, consumers weary of inflation will "pull back," leading to a slowdown in sales growth.