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No, Walmart has generally reported positive sales growth in its most recent earnings reports, driven by strong performance in both its physical stores and e-commerce platforms. As of early 2026, the company continues to gain market share, particularly in the grocery segment, where value-conscious consumers are increasingly turning for affordable food and essentials. While specific categories or regions may see fluctuations depending on the economic environment and consumer spending habits, Walmart’s overall business performance, supported by its "Every Day Low Prices" model and investment in omnichannel retail, has remained resilient. The company's ability to maintain sales growth during periods of economic uncertainty is often attributed to its massive scale, efficient logistics network, and its appeal to budget-focused shoppers, which allows it to maintain momentum even when discretionary spending at other retail competitors may soften.