The guidance cut comes days before Amazon is expected to report second-quarter earnings on Thursday.
Walmart announced after the bell on Monday that it now expects adjusted earnings per share for the second quarter and full year to slide around 8% to 9% and 11% to 13%, respectively.
Previously, it had forecast them to be flat to up slightly for the second quarter and to drop by 1% for the full year.the move on rising inflation, particularly in food and fuel, which it said are affecting how its customers spend. It also said it expects same-store sales in the U.S. to rise by about 6% in the second quarter, excluding fuel.
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