# Retail giant Walmart issued a warning Thursday after its Q1 earnings report.

*business · news · 2026-05-21 · Fox Business*

## Key points

- Walmart warns rising fuel costs will soon impact consumer prices as tax refunds diminish.
- Walmart reported a 7.3% Q1 revenue increase to $177.8 billion, missing analyst expectations.
- Walmart's CFO notes lower-income shoppers are increasingly financially distressed compared to wealthier consumers.
- Amazon has overtaken Walmart as the world’s largest company by revenue.

**Companies:** Walmart, Amazon, Target
**Countries:** United States

[Read the full story on Fox Business](https://www.foxbusiness.com/retail/walmart-warns-shoppers-could-face-higher-prices-fuel-costs-surge-tax-refunds-dry-up)

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