Walmart posted a strong first quarter and reiterated guidance for the year. However, executives warned that financial performance for the year ahead was subject to “substantial uncertainty” as a result of fluctuating tariff policies.

Walmart (WMT) is slated to report earnings this week. Some traders are betting the stock could erase most of what it lost after the company’s last quarterly report. Options pricing suggests traders are positioned for Walmart stock to move about 5% in either direction by the end of the week after the retail giant releases first-quarter results

Walmart reported strong results for the first quarter of fiscal 2026, beating analyst estimates for revenue and earnings while maintaining its outlook for the full year. However, the company warned that the impact of U.S. tariffs would force it to raise prices toward the end of May, which could have a negative impact on sales.