Walmart issues worse-than-expected outlook as high gas prices hit shoppers, shares drop 7%Walmart's CFO, John David Rainey, said higher tax returns helped offset the effect of elevated gas prices in the first quarter.{}

Walmart's CFO, John David Rainey, said higher tax returns helped offset the effect of elevated gas prices in the first quarter.https://www.cnbc.com/2026/05/21/walmart-wmt-earnings-q1-2027.html