Walmart Market Cap Drops to $945B on Q2 EPS Guidance Miss, Seasoning Recall
WMT•Walmart’s market cap fell below $1 trillion to $945 billion after Q1 revenue climbed 7.3% to $177.8 billion and EPS matched at $0.66, while management projected Q2 EPS of $0.72–$0.74 below the $0.75 consensus. The retailer is recalling Blackstone Parmesan Ranch seasoning over salmonella fears, affecting product availability in stores.
1. Market Cap Decline and Guidance Miss
Walmart officially crossed the $1 trillion market cap milestone on February 3 but slipped below that level on May 21, with its market value now at $945 billion. The company reported Q1 revenue of $177.8 billion, up 7.3% year-over-year, and adjusted EPS of $0.66, matching expectations, yet guided Q2 EPS to $0.72–$0.74 versus a $0.75 consensus, weighing on investor sentiment.
2. Blackstone Parmesan Ranch Seasoning Recall
Blackstone Products has recalled its Parmesan Ranch seasoning sold at Walmart over potential salmonella contamination, prompting product removal from shelves and refund offers. The recall impacts inventory levels and could dent seasoning category sales, while Walmart may tighten supplier quality controls to prevent future incidents.
