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Walmart (NYSE:WMT) said it still expects first-quarter sales to rise between 3% and 4%, reiterating guidance ahead of its Investment Community Meeting on Wednesday. The company also maintained its full-year projections for sales and operating income growth.
While reaffirming expectations, Walmart noted that a less favorable product category mix, increased costs tied to casualty claims, and pricing flexibility amid tariff changes have widened the potential range of Q1 operating income outcomes.
Chief Financial Officer John David Rainey said the company's experience has shown that leaning into uncertain periods positions Walmart to emerge with stronger market share and improved business fundamentals.
During the meeting, Walmart executives are set to emphasize the company's long-term strategy, which combines technology with a people-driven approach across its omnichannel platform. The company aims to strengthen its business model and enhance shareholder value by improving customer and member engagement.
Walmart shares were lower in premarket trading, moving down about 1.6%. Other retailers also saw declines, with Target (NYSE:TGT) down around 2% and Costco Wholesale (NASDAQ:COST) off by less than 0.5% amid broader market weakness.
This article first appeared on GuruFocus.