12:24 PM EDT, 05/14/2026 (MT Newswires) -- Walmart (WMT) is expected to report a strong Q1, with US sales, profit growth, international strength, online gains, pricing power and newer revenue streams supporting further upside, UBS said in a note Wednesday.

UBS said Walmart US comparable sales are expected to rise about 4.5%, helped by more than 25% growth in online sales, though weaker pharmacy trends may weigh on store sales, while Walmart US and international operating income could come in at least near the high end of the company's 6% to 8% growth range.

The investment firm expects Sam's Club earnings to be roughly flat from a year earlier because the business faces a tougher comparison, though Walmart may raise its full-year earnings outlook if Q1 earnings come in ahead of expectations, though higher fuel costs remain a risk.

Higher gas prices could pressure costs, but Walmart may still gain market share as shoppers look for lower prices, according to the note.

UBS kept its buy rating and $147 price target for Walmart.

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