Julian Champagnie scores 26 and Spurs cruise to 11th straight win, 126-110 over Nets

NEW YORK (AP) — Julian Champagnie scored 26 points to lead the San Antonio Spurs to their 11th straight victory, 126-110 over the Brooklyn Nets on Thursday night.

Victor Wembanyama had his second straight quiet night offensively, finishing with 12 points, but the surging Spurs had plenty of balance against the lottery-bound Nets. Stephon Castle scored 18 points, De'Aaron Fox and Devin Vassell had 14 apiece, Keldon Johnson scored 13 and Dylan Harper had 12.

San Antonio (43-16) is on its longest winning streak since it won 13 straight in the 2015-16 season.

Michael Porter Jr. had 24 points and 14 rebounds for the Nets, who have lost six straight. Reserve Day’Ron Sharpe had 14 points and 11 rebounds.

It took San Antonio all of 13 seconds to take a lead it would not relinquish. Wembanyama won the opening tip and dropped a pass to a cutting Castle for a spectacular two-handed dunk. By the end of the opening period, Castle had 13 points and the Spurs led 36-22.

San Antonio extended its lead to 48-26, on a 3 by Champagnie 2:20 into the second quarter. The Spurs led 71-56 at halftime.

Brooklyn used a 13-4 spurt in the first 3:26 of the third quarter to cut the deficit to six. But any comeback hopes Brooklyn harbored were dashed by the Spurs, who finished the quarter with a 104-84 lead.

Spurs: Cross the East River for a nationally televised matchup against the Knicks on Sunday.

Nets: At Boston on Friday night.

AP NBA: https://apnews.com/hub/nba

San Antonio Spurs' Victor Wembanyama, left, defends a shot by Brooklyn Nets' Noah Clowney (21) during the first half of an NBA basketball game Thursday, Feb. 26, 2026, in New York. (AP Photo/Frank Franklin II)

San Antonio Spurs' Victor Wembanyama, left, and Stephon Castle, right, defends Brooklyn Nets' Nic Claxton during the first half of an NBA basketball game Thursday, Feb. 26, 2026, in New York. (AP Photo/Frank Franklin II)

San Antonio Spurs' Stephon Castle, right, drives past Brooklyn Nets' Noah Clowney, center, and Michael Porter Jr. during the first half of an NBA basketball game Thursday, Feb. 26, 2026, in New York. (AP Photo/Frank Franklin II)

San Antonio Spurs' Victor Wembanyama, right, and Stephon Castle, left, defend a shot by Brooklyn Nets' Michael Porter Jr. during the first half of an NBA basketball game Thursday, Feb. 26, 2026, in New York. (AP Photo/Frank Franklin II)

San Antonio Spurs' Julian Champagnie (30) gestures after making a three-point shot during the first half of an NBA basketball game against the Brooklyn Nets Thursday, Feb. 26, 2026, in New York. (AP Photo/Frank Franklin II)

NEW YORK (AP) — Walmart delivered another quarter of impressive sales with speedy deliveries and low prices becoming a strong magnet for people across the income spectrum that are spending more on almost everything, particularly gasoline.

Yet like other major retailers posting financial results this week, Walmart was cautious about the rest of the year given the current economic uncertainty. On Thursday, it issued a forecast for the current quarter that was weaker than what Wall Street had been expecting.

Shares slipped about 7% Thursday.

Walmart has resonated with many Americans who are increasingly careful about where they spend their money as inflation takes a bigger bite out of paychecks, notably gasoline which has soared since the start of the Iran war in late February. Walmart can serve as a barometer of consumer spending given its vast customer base. More than 150 million customers are on its website or in its stores every week, according to Walmart.

One telling shift during the quarter that captures the stress many Americans are feeling: The number of gallons that customers put in their cars during visits to U.S. Walmart and Sam’s Club gas stations fell below 10 for the first time since 2022, which was the midst of the COVID-19 pandemic.

“That’s an indication of stress,” said Chief Financial Officer John David Rainey.

Walmart touted strong sales that were fueled by online shopping on Thursday.

Comparable sales at U.S. Walmart stores rose 4.1% during the three-month period ended April 30. Walmart’s U.S online sales rose 26%, the company said.

Walmart’s promise of lower prices, faster delivery and a refresh of its merchandise has attracted wealthier shoppers. The biggest gains in market share for Walmart are coming from households with annual income over $100,000. That shift is taking place as lower-income shoppers become more entrenched in what economists collectively call a K-shaped economy.

“We see with our customers that the high-income customer is spending with confidence into many categories, while the lower income consumer is more budget conscious and perhaps navigating financial distress,” Rainey told analysts on Thursday.

Rainey told analysts that higher fuel prices took a bite out of profits as it was forced to absorb higher transportation costs. And while the company is focused on offering low prices, Walmart may raise prices later if fuel costs remain high, he said.

U.S. retailers have spent months navigating an uncertain economic environment, from President Donald Trump’s tariffs to the impact of soaring gasoline prices due to the war. The average price for a gallon of regular gasoline raced higher this week and did so again overnight. Gasoline prices are about 45% above where they were at this time last year.

Based on quarterly financial reports from Walmart, Target, Home Depot, Lowe's and TJX, shoppers are cautious but still spending, helped by more generous tax refunds. Yet there is a widespread belief among economists that once those refunds dry up, shoppers will pull back on spending. Consumer spending is the dominant economic engine for the U.S., and retreat would have broad implications for the U.S.

Target reported the largest jump in comparable sales in four years Wednesday, but a cautious outlook overshadowed rather convincing evidence that changes under the company’s new CEO are landing solidly with customers. Target raised its annual revenue outlook Wednesday, but it was still below the pace of its first quarter this year.

The nation’s two largest home improvement retailers Home Depot and Lowe’s reported strong sales, but both companies said that customers are putting off larger home projects.

“I think, overall, this has been the most difficult housing market that I’ve faced in this business since the financial crisis,” Lowe’s CEO Marvin Ellison said this week.

Walmart, based in Bentonville, Arkansas reported first-quarter earnings of $5.33 billion, or 67 cents, for the quarter ended April 30. Adjusted per-share results were 66 cents, matching the 66 cents that analysts expected, according to FactSet.

For the year-ago quarter, the company reported net income of $4.48 billion, or 56 cents per share.

Sales rose 7.3% to $177.75 billion in the fiscal first quarter, above the $174.84 billion that analysts predicted.

Walmart said higher fuel prices took a bite out of profits as it was forced to absorb higher transportation costs.

The company highlighted its speedier deliveries, which is driving more shoppers to buy more often. Rainey said that roughly 60% of U.S. online deliveries arrive at customers' homes in 30 minutes or less.

For the second quarter, Walmart expects sales to be 4% to 5% higher than the same period a year ago. It also expects per-share profit to be between 72 cents and 74 cents. Analysts had been projecting per-share earns of 75 cents on sales of $186.2 billion, according to FactSet.

Walmart stuck to the annual guidance that it issued in February.

Drones operated by Zipline leave base to make deliveries from a Walmart store in Pea Ridge, Ark., Friday, Sept. 26, 2025. (AP Photo/Charlie Riedel)