每经编辑｜金冥羽 亚马逊公司正式超越沃尔玛，成为全球营收最高的企业。 沃尔玛2月19日公布，截至1月31日的12个月销售额为7132亿美元。而以12月为财年截止月的亚马逊本月早些时候公布的2025年销售额达7170亿美元。 据此前发布的2025年《财富》世界500强排行榜，沃尔玛连续第十二年成为全球营业收入最高的公司，亚马逊保持第二。 截至发稿，沃尔玛盘前涨近1%，此前一度跌超3%。 | | 沃尔玛 | | | | --- | --- | --- | --- | | | WMT US 空 | | | | 126.620 | | 昨收126.620 量比 | | | | | 市值1.01万亿 英 | | | 井 | | 市盈 44.05 额 | 4.291Z | | 盘前 127.790 | 1.170 | 0.92% △9:14 美东时间 | | | 图前▼ 日K 園K | | 月K 五日 更多▼ | | | 最新:127.790 1.170 0.924% | | | | | 131.340 | | +3.73% 盘前最新 | | | | | 127.790 | | | | | 1.170 0.92% | | ...

Core Insights - Walmart's quarterly earnings slightly exceeded Wall Street estimates, marking the first report under new CEO John Furner [1] - The retailer's market capitalization recently surpassed $1 trillion for the first time [1] Financial Performance - Adjusted earnings per share for the fourth quarter of fiscal year 2026 were reported at $0.74, slightly above the forecast of $0.73 [1] - Revenue for the quarter increased by 5.6% to $190.7 billion, aligning closely with Wall Street's expectations of $190.6 billion [2] - For fiscal year 2026, Walmart's total revenue reached $715.9 billion, slightly above estimates, with adjusted earnings per share at $2.64, a cent higher than expected [3] Stock Performance - Walmart's shares rose by 1% in premarket trading and have increased over 13% year to date [4] Future Guidance - For the first quarter, Walmart anticipates revenue growth of 3.5-4.5% and adjusted earnings per share of $0.63-$0.65, which is below Wall Street's expectations of 5% growth and earnings of $0.69 [4] - For fiscal year 2027, the company expects revenue growth of 3.5%-4.5% and adjusted earnings of $2.75-$2.85, also conservative compared to Wall Street's forecast of nearly 5% growth and earnings of $2.97 [5] - CFO John David Rainey indicated a cautious approach due to an unstable economic backdrop, despite no significant changes in consumer behavior [5] Operational Highlights - Quarterly same-store sales in the US grew by 4.6%, surpassing estimates of 4.3%, driven by e-commerce strength and a 2.6% increase in transactions [6]

Walmart (WMT) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +1.37%. A quarter ago, it was expected that this world's largest retailer would post earnings of $0.61 per share when it actually produced earnings of $0.62, delivering a surprise of +1.64%.Over the last four quarters, the ...

“The future is fast, convenient, and personalized,” said John Furner, Walmart’s brand-new CEO, in an earnings statement released Thursday morning. And the company’s latest results show the entire organization leaning hard into that vision, with noticeable results. For the quarter ending January 31, Walmart raked in revenue of almost $191 billion, up some 5.6% year over year. Operating income climbed even faster, topping 10% growth to nearly $9 billion. Earnings per share fell on a GAAP basis, but rose on ...

Market Sentiment and Premarket ActivityThe U.S. stock market faces a cautious start this Thursday, February 19, 2026, as investors balance a surge in technology optimism against rising geopolitical risks and key retail earnings. In premarket trading, futures tracking the major indexes have edged lower, retreating from the gains seen during Wednesday’s session. As of 8:30 AM ET, S&P 500 (SPY) futures are down approximately 0.33%, while Nasdaq 100 (QQQ) futures have slipped 0.36%. The Dow Jones Industrial Ave ...

Group 1 - Amazon has officially surpassed Walmart to become the world's highest-grossing company for the year, with a revenue of $717 billion compared to Walmart's $713.2 billion, marking a difference of $3.8 billion [1] - Walmart has held the title of global revenue leader for over a decade, primarily driven by its extensive physical store network and "Everyday Low Prices" strategy [1] - Walmart's e-commerce business has recently become profitable as an independent segment, with global e-commerce sales maintaining double-digit growth [1] Group 2 - Amazon's revenue growth is attributed to its diversified business structure, including significant contributions from its cloud computing division AWS, which saw a 20% year-over-year increase in sales, reaching $128.7 billion [1] - The competition between the two giants is evolving, with Walmart partnering with Google to integrate AI into its shopping process and increasing investments in supply chain automation and store renovations [2] - Amazon plans to invest approximately $200 billion in capital expenditures by 2026, focusing on expanding AI infrastructure and data centers [2]

Walmart (NYSE:WMT) Q4 2026 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsChris Nicholas - EVP and COODavid Guggina - EVP and Chief eCommerce OfficerJoe Feldman - Senior Managing Director, Assistant Director of Research, and Founding MemberJohn David Rainey - CFOJohn Furner - CEOLatriece Watkins - EVP and Chief Merchandising OfficerSteph Wissink - SVP of Investor RelationsConference Call ParticipantsChristopher Horvers - Managing Director and Senior Equity Research AnalystChuck Grom - Manag ...

Walmart (NYSE:WMT) Q4 2026 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsChris Nicholas - EVP and COODavid Guggina - EVP and Chief eCommerce OfficerJoe Feldman - Senior Managing Director, Assistant Director of Research, and Founding MemberJohn David Rainey - CFOJohn Furner - CEOLatriece Watkins - EVP and Chief Merchandising OfficerSteph Wissink - SVP of Investor RelationsConference Call ParticipantsChristopher Horvers - Managing Director and Senior Equity Research AnalystChuck Grom - Manag ...

本文源自：金融界AI电报 沃尔玛盘前涨幅扩大至1%，收复此前3.7%的跌幅。 ...

Financial Data and Key Metrics Changes - Revenue for the fourth quarter increased by 4.9% in constant currency, with e-commerce growth at 24% [4][14] - Adjusted operating income grew by 10.5%, outpacing sales growth [4][14] - For the full year, total revenue exceeded $700 billion for the first time, with a 5% increase in constant currency [14] - Adjusted operating income for the full year grew by 5.4%, despite a 300 basis point headwind from increased claims expenses [14][23] Business Line Data and Key Metrics Changes - Walmart U.S. comp sales rose by 4.6%, with e-commerce sales growing by 27% [14][15] - International segment operating income increased by over 26%, driven by improved e-commerce economics [15] - Advertising income globally increased by 37%, with Walmart Connect in the U.S. up by 41% [16][35] - Membership income grew by over 15%, reflecting strength in Sam's Club in China and the U.S. [16] Market Data and Key Metrics Changes - E-commerce sales in China grew by 28%, representing more than 50% of the sales mix in that market [15] - Fast delivery services in the U.S. saw a growth of over 60% year-over-year [9][15] - The majority of share gains in the U.S. came from households earning over $100,000, while lower-income households are managing spending carefully [5][6] Company Strategy and Development Direction - The company is focused on an omnichannel strategy, leveraging technology and automation to enhance customer experience and delivery speed [4][9] - Investments in AI and technology are aimed at improving inventory management and customer engagement through tools like Sparky [10][11] - The strategy includes capital allocation based on return on investment, with a focus on maintaining a strong value proposition for customers [7][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's momentum and the ability to navigate complex operating conditions [13][41] - The outlook for the upcoming fiscal year includes sales growth expectations of 3.5% to 4.5% and operating income growth of 6% to 8% [21][22] - Management remains cautious about potential economic headwinds but is optimistic about the company's ability to outperform guidance [41][42] Other Important Information - The company authorized a $30 billion share repurchase program, its largest to date, reflecting confidence in cash flow generation [23] - Capital expenditure levels for FY 2027 are expected to be approximately 3.5% of sales, with a focus on supply chain automation and store remodels [24] Q&A Session Summary Question: On agentic commerce and its impact on customer traffic and advertising - Management highlighted that agentic commerce is part of the omnichannel strategy, enhancing customer intent understanding and driving higher average order values [28][29][32] Question: Regarding unexpected costs and outlook for the year - Management noted a measured approach to guidance, considering potential economic indicators while maintaining flexibility [37][41] Question: On disinflation and its impact on pricing - Management indicated that inflation trends are expected to remain stable, with some pressures from legislation affecting drug prices [44][45] Question: About e-commerce profitability and competition - Management emphasized the importance of maintaining share momentum through effective inventory management and leveraging technology [84]