<p>沃尔玛公司（WMT）的首席财务官约翰·大卫·雷尼（John David Rainey）尽管华尔街在公司强劲的财报表现后持乐观态度，但仍对这家零售巨头保持保守的展望。在最近的一次财报电话会议上，沃尔玛报告了 2025 财年最后一个季度调整后的每股收益（EPS）为 0.66 美元，营收为 1805.5 亿美元，均超出分析师预期的 0.64 美元和 1803.1 亿美元。然而，公司对 2026 财年第一季度的指引未能达到预期，导致股价在盘前交易中大幅下跌。</p>
<p><img src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a43f68ee4420002.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a43f68ee4420002.png"/></p>
<p>沃尔玛对 2026 财年第一季度的指引较为保守，预计第一季度和全年营收增长为 3% 至 4%。分析师分别预期为 3.7% 和 4.2% 的增长。公司预计第一季度调整后的每股收益在 0.57 美元至 0.58 美元之间，全年在 2.50 美元至 2.60 美元之间，均低于市场共识。尽管财报表现强劲，沃尔玛的股价在报告发布后立即下跌了 8%，突显市场对未来增长前景的关注。</p>
<p>雷尼的保守指引策略与沃尔玛历史上管理投资者预期的方法相一致。公司有发布比分析师预期更为谨慎的指引的记录，使其能够更频繁地超出预期。这种方法帮助沃尔玛保持强劲的资产负债表和财务灵活性，使公司能够投资于电子商务扩展和自动化等长期增长计划。</p>
<p>沃尔玛的保守指引策略也有助于其长期财务稳定和持续增长。通过设定较低的目标，公司可以更容易地在经济困难时期超越这些预期。这种持续超越预期的模式有助于维持沃尔玛作为一家可靠且管理良好的公司的声誉，吸引长期投资者。</p>
<p>总之，沃尔玛的首席财务官约翰·大卫·雷尼（John David Rainey）在华尔街对公司强劲财报表现持乐观态度的情况下，捍卫了公司的保守指引策略。公司的保守指引策略通过使其能够超越预期、应对经济不确定性并保持强劲的资产负债表，促进了其长期财务稳定和持续增长。尽管在指引发布后沃尔玛的股价大幅下跌，但公司的长期前景依然强劲，得益于其战略收购和有机增长计划。</p>

沃尔玛

<p>沃尔玛首席财务官约翰·大卫·雷尼（John David Rainey）在强劲盈利的情况下为公司的保守指引辩护，报告显示 2025 财年第四季度调整后每股收益为 0.66 美元，营收为 1805.5 亿美元。然而，第一季度和 2026 财年的指引未能达到预期，导致股价下跌 8%。沃尔玛预计营收增长在 3% 到 4% 之间，低于分析师的预测。这种谨慎的做法与沃尔玛超出预期的历史相一致，有助于长期财务稳定和增长，尽管市场反应立即</p>

<p>Walmart Inc.'s (WMT) Chief Financial Officer, John David Rainey, has maintained a conservative outlook for the retail giant despite Wall Street's optimism following the company's strong earnings performance. In a recent earnings call, Walmart reported adjusted earnings per share (EPS) of $0.66 on revenue of $180.55 billion for the final quarter of fiscal 2025, beating analysts' estimates of $0.64 and $180.31 billion, respectively. However, the company's guidance for the first quarter and fiscal 2026 missed expectations, sending shares sharply lower in premarket trading.</p>
<div class="lb-trans"><p>沃尔玛公司（WMT）的首席财务官约翰·大卫·雷尼（John David Rainey）尽管华尔街在公司强劲的财报表现后持乐观态度，但仍对这家零售巨头保持保守的展望。在最近的一次财报电话会议上，沃尔玛报告了 2025 财年最后一个季度调整后的每股收益（EPS）为 0.66 美元，营收为 1805.5 亿美元，均超出分析师预期的 0.64 美元和 1803.1 亿美元。然而，公司对 2026 财年第一季度的指引未能达到预期，导致股价在盘前交易中大幅下跌。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a43f68ee4420002.png" alt="" original-src="https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-1a43f68ee4420002.png"/></p>
<p>Walmart's guidance for the first quarter and fiscal 2026 was conservative, with the company expecting revenue to grow 3% to 4% in both the first quarter and full year. Analysts had expected 3.7% and 4.2% growth, respectively. The company sees adjusted EPS between $0.57 and $0.58 in the first quarter and $2.50 to $2.60 for the year, both below consensus. Despite the strong earnings performance, Walmart's shares sank 8% immediately following the report, highlighting the market's focus on future growth prospects.</p>
<div class="lb-trans"><p>沃尔玛对 2026 财年第一季度的指引较为保守，预计第一季度和全年营收增长为 3% 至 4%。分析师分别预期为 3.7% 和 4.2% 的增长。公司预计第一季度调整后的每股收益在 0.57 美元至 0.58 美元之间，全年在 2.50 美元至 2.60 美元之间，均低于市场共识。尽管财报表现强劲，沃尔玛的股价在报告发布后立即下跌了 8%，突显市场对未来增长前景的关注。</p>
</div><p>Rainey's conservative guidance strategy aligns with Walmart's historical approach to managing investor expectations. The company has a track record of issuing guidance that is more cautious than analysts' estimates, allowing it to exceed expectations more frequently. This approach helps Walmart maintain a strong balance sheet and financial flexibility, enabling the company to invest in long-term growth initiatives such as e-commerce expansion and automation.</p>
<div class="lb-trans"><p>雷尼的保守指引策略与沃尔玛历史上管理投资者预期的方法相一致。公司有发布比分析师预期更为谨慎的指引的记录，使其能够更频繁地超出预期。这种方法帮助沃尔玛保持强劲的资产负债表和财务灵活性，使公司能够投资于电子商务扩展和自动化等长期增长计划。</p>
</div><p>Walmart's conservative guidance strategy also contributes to its long-term financial stability and consistent growth. By setting lower targets, the company can more easily surpass these expectations even in challenging economic conditions. This consistent pattern of beating expectations helps maintain Walmart's reputation as a reliable and well-managed company, attracting long-term investors.</p>
<div class="lb-trans"><p>沃尔玛的保守指引策略也有助于其长期财务稳定和持续增长。通过设定较低的目标，公司可以更容易地在经济困难时期超越这些预期。这种持续超越预期的模式有助于维持沃尔玛作为一家可靠且管理良好的公司的声誉，吸引长期投资者。</p>
</div><p>In conclusion, Walmart's CFO, John David Rainey, has defended the company's conservative guidance strategy despite Wall Street's optimism following the company's strong earnings performance. The company's conservative guidance strategy contributes to its long-term financial stability and consistent growth by enabling it to exceed expectations, navigate economic uncertainties, and maintain a strong balance sheet. Walmart's shares may have plunged following the guidance, but the company's long-term prospects remain strong, supported by its strategic acquisitions and organic growth initiatives.</p>
<div class="lb-trans"><p>总之，沃尔玛的首席财务官约翰·大卫·雷尼（John David Rainey）在华尔街对公司强劲财报表现持乐观态度的情况下，捍卫了公司的保守指引策略。公司的保守指引策略通过使其能够超越预期、应对经济不确定性并保持强劲的资产负债表，促进了其长期财务稳定和持续增长。尽管在指引发布后沃尔玛的股价大幅下跌，但公司的长期前景依然强劲，得益于其战略收购和有机增长计划。</p>
</div>

Walmart CFO Defends Conservative Guidance Amid Wall Street Optimism

- 沃尔玛 CFO 约翰·大卫·雷尼对公司前景持保守态度。  
- 公司报告 2025 财年最后一个季度调整后每股收益为 $0.66，收入为 $1805.5 亿美元。  
- 尽管业绩强劲，沃尔玛对 2026 财年的指引低于预期，股价下跌 8%。  

尽管华尔街乐观，沃尔玛首席财务官为其保守的指导意见辩护