金吾财讯 | 零售巨头沃尔玛（WMT）披露一季度经营数据，整体营收表现亮眼，盈利水平贴合市场此前预判。
一季度公司非 GAAP 每股收益定格 0.66 美元，与市场预期持平。当期实现营收 1777.5 亿美元，同比上涨 7.3%，规模较预期多出 29.1 亿美元，主业经营韧性十足。
新兴业务成为增长核心驱动力，全球电商销售额同比提升 26%，线下履约配送与线上平台业务协同发力。广告板块增长势头更为迅猛，全球整体增幅达 37%，美国本土市场同步增长 36%，会员费收入也实现 17.4% 的稳步攀升。
公司同步放出新旧财季业绩前瞻，2026 财年全年净销售额预期 7064 亿美元，调整后每股收益 2.64 美元，低于市场一致预期。同时出炉的 2027 财年二季度相关指引同样略低于行业预判，盈利端增长节奏有所放缓，后续业务调整节奏备受市场关注。
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