根据瑞穗证券分析，沃尔玛为2026财年设定的初步指引为新任CEO约翰·弗纳创造了较低的业绩门槛，这为其首年履职留出了充足的超越空间。分析师大卫·贝林格指出，本年度其他预期包括约1%的同店通胀率，其中百货商品价格上涨将被食品通缩所抵消。
随着百事公司等供应商降价以及沃尔玛逐步消化去年"鸡蛋通胀"的影响，贝林格预计食品价格将呈现回落趋势。他特别强调，科技将成为2026年的另一大关键要素——尽管自动化与人工智能技术仍处发展初期，但沃尔玛的资本支出强度将于今年见顶，这些投入已开始显现成效。
目前，自动化技术正有效提升利润率，而公司自主研发的AI助手"Sparky"更是成功推高了客单价水平。在科技赋能与成本控制的协同作用下，这家零售巨头正悄然构建新的增长引擎。
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