Walmart Reports Big Earnings Miss as Higher Costs, Supply Chain Eat Into Profits

Walmart Will Report Earnings Before the Bell. Here's What to Expect

The discounter's bottom line results"were unexpected and reflect the unusual environment," CEO Doug McMillon said in a release Tuesday morning. Inflation in the U.S. is at a nearly four-decade high.

Here's what the discounter reported for the fiscal first quarter ended April 29, according to Refinitiv consensus estimates:Revenue: $141.57 billion reported vs. $138.94 billion expectedbillion, or 74 cents per share, from $2.73 billion, or 97 cents per share, a year ago. Excluding items, the company earned $1.30 per share. That's lower than the $1.48 that analysts were expecting, according to Refinitiv.Wall Street's expectations of $138.94 billion.

Walmart is a much-watched company as investors and economists look for clues about how the American consumer is weathering inflation – and if they are starting to pull back on spending., a broad measure of prices for goods and services, increased 8.3% in April compared with a year ago, according to the Bureau of Labor Statistics.

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