While softer-than-expected full-year guidance from Walmart dragged retail stocks lower as investors worried that the enormous chain is expecting consumer spending to slow down this year, there is no reason to panic just yet,

Walmart stock is sinking Thursday as the retail giant's dreary outlook offsets a fourth-quarter earnings beat and dividend hike. Here's what you need to know.

In next fiscal, Walmart expects net sales to grow 3% to 4% and adjusted operating income to rise 3.5% to 5.5% on a constant currency basis.