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Home/News Feed/Walmart shares drop 7.7% after weak full-year forecast amid high gas prices.

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Walmart shares drop 7.7% after weak full-year forecast amid high gas prices.

Company Fundamentals

21 May 2026

New York Post

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Bearish

Walmart's stock fell 7.7% after the company forecasted lower-than-expected full-year earnings per share of $2.75 to $2.85, missing analyst estimates of $2.91. The retailer cited high gasoline prices, which have risen over 50% due to the Iran war, as a major factor pressuring consumer spending. Despite strong first-quarter sales growth of 7% and a 26% rise in global e-commerce, Walmart expects consumers to feel more financial strain in the second quarter as tax refund cushioning fades. The company also faces a $175 million headwind from fuel costs but remains confident in its operating income guidance for the year.

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