TLDR

Walmart posted 4.6% U.S. same-store sales growth in Q4 2026, its 28th straight quarter of positive SSS
E-commerce revenue jumped 24% year-over-year in Q4; advertising revenue surged 37%
The stock trades at roughly 46–47x trailing earnings — nearly double the S&P 500’s multiple
Walmart has raised its dividend for 53 consecutive years, cementing its Dividend King status
Despite strong fundamentals, the stock has declined in recent weeks after its February earnings report

Walmart is as steady as they come. The retail giant has posted positive U.S. same-store sales for at least 28 straight quarters, navigating everything from COVID-19 to supply chain chaos to inflation without missing a beat.

Walmart Inc., WMT

In Q4 2026 (ended Jan. 31), Walmart reported U.S. same-store sales growth of 4.6%. The company also beat analyst expectations on both the top and bottom lines.

Net income is up 97% over the past three years. Full-year net sales hit $706 billion in fiscal 2026.

The company’s scale gives it unmatched bargaining power with suppliers — an advantage smaller competitors simply can’t match.

Walmart+ now has over 28 million paid members, generating a recurring revenue stream that keeps getting stickier.

Digital Growth Is Real

E-commerce revenue grew 24% year-over-year in Q4 — more than four times the company’s overall growth rate. CFO John David Rainey noted on the earnings call that Walmart can reach 95% of America within three hours, leaning on its physical store network as a fulfillment advantage.

Advertising revenue jumped 37% in the same period. The company is also rolling out AI-powered tools, including the Sparky shopping assistant. These higher-margin revenue lines are improving the overall business mix.

Walmart raised its dividend again, marking 53 consecutive years of increases. The current yield sits at 0.74%.

The Valuation Problem

Here’s where things get complicated. Walmart’s stock currently trades at around 46–47 times trailing earnings. That’s nearly double the S&P 500’s price-to-earnings multiple.

For a company growing revenue in the low-to-mid single digits, that’s a hard number to justify. The stock is up 170% over the past three years — a stretch that looks disconnected from the underlying growth rate.

Walmart has been swept up in a broader trend of investors piling into safe-haven stocks, alongside gold and silver. The demand is understandable, but it has pushed the valuation into growth-stock territory without the growth to match.

Despite the strong Q4 results reported in February, the stock has actually been falling in recent weeks. It currently sits at $127.18, down from a 52-week high of $134.69.

The stock’s market cap is just over $1 trillion.

The post Is Walmart (WMT) Stock a Buy Now? appeared first on CoinCentral.

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Filed under: News - @ March 3, 2026 2:28 pm