New York, Feb 20, 2026, 10:42 EST — Regular session.
- Walmart slipped roughly 1.5% in early trading. The retail giant’s most recent outlook failed to ease investor caution.
- The company flagged ongoing strength in digital and advertising. Still, it noted that lower-end consumers remain under pressure.
- Walmart’s ability to turn online gains into profit is drawing traders’ attention, along with the upcoming dividend dates on the calendar.
Walmart Inc (WMT) slipped $1.90 to $122.97, off 1.5%, as of 10:26 a.m. EST Friday.
Walmart’s retreat stands out. Investors have leaned on the stock as a defensive play, but lately it’s become a barometer for Americans’ routine spending—groceries, deliveries, the works. That’s why this pullback is getting attention.
The retailer’s climb to the $1 trillion mark has left the stock highly sensitive—minor forecast changes or a shift in management’s tone now trigger reactions. “Historically management tends to be conservative when providing its initial guide for the year,” said Evercore ISI’s Greg Melich. (Reuters)
Walmart’s latest quarterly update showed profit climbing faster than sales, thanks to a bigger tilt toward high-margin segments. The retailer reported global eCommerce sales up 24%, and global ad revenue jumping 37%. U.S. comparable sales, which measure stores open at least a year, rose 4.6% excluding fuel. (Walmart Corporate)
The outlook — and Walmart’s commentary on the consumer — stood out, while investors again showed little patience, quick to judge Walmart when expectations are already sky-high. The company emphasized “adjusted” profit numbers, the metric that leaves out certain one-off costs, to set the tone for its guidance.
John Furner, newly installed as CEO, noted, “for households earning below $50,000, we continue to see that wallets are stretched,” as Walmart put forward a more conservative roadmap for the coming year. Fitch’s David Silverman sees more room for the company to ride the e-commerce wave, citing Walmart’s size and infrastructure. Russell Shor of Tradu, meanwhile, calls the guidance a sign of “a resilient but value-focused consumer, with limited appetite for discretionary or big-ticket purchases.” (Reuters)
Early Friday, Walmart shares slipped, pulling down the broader market. The retailer ranked as one of the top drags on the Dow during morning trading. (MarketWatch)
Even so, a risk remains. Should lower-income shoppers tighten their belts further, Walmart might face additional strain in its higher-margin general merchandise business—grocery could hold up, but gains from ads and membership fees probably won’t make up the difference immediately.
Traders eyeing dates ahead will find them in Walmart’s dividend plan. The company bumped its fiscal 2027 annual payout up to $0.99 a share, locking in March 20, 2026 as the record date. Payment lands April 6. CFO John David Rainey pointed to the “diversified capital returns approach,” adding, “Dividends continue to be a part of our diversified capital returns approach.” (Walmart Corporate)
