Block, formerly known as Square, got off to a sluggish start on Wall Street this year after underperforming the Nasdaq in 2024.

Walmart on Thursday forecast sales and profit for the fiscal year ending January 2026 below Wall Street estimates, suggesting the world's largest retailer expects inflation-weary consumers to pull back after several quarters of solid growth.

Walmart Inc. forecast lower-than-expected profit for the full year, signaling that even the world’s largest retailer isn’t immune to risks in the broader economic environment.

Walmart has factors that could work in its favor, including a growing online business and market share gains from higher-income shoppers.