Walmart warned Thursday that higher gas prices are putting pressure on American shoppers. The country's largest retailer issued a weaker-than-expected financial outlook despite reporting strong quarterly sales growth amid ongoing economic uncertainty tied to inflation, the war in Iran and global trade tensions.
The retailer said it expects adjusted earnings per share for fiscal 2027 to range between $2.75 and $2.85, below Wall Street expectations of $2.91 while forecasting annual net sales growth of 3.5% to 4.5%, CNBC noted.
