Walmart says it is raising prices due to tariffs
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While Walmart CFO John David Rainey lauded Trump's recent tariff cuts, he said rates remain too high, which could cause uncertain shopper behavior.
Bill Simon, former Walmart U.S. CEO, joins ‘Fast Money’ to discuss the discount retailer’s better-than-expected Q1 earnings, the company’s plan to raise prices on some items due to tariffs, and more.
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Walmart warns of potential price hikes due to tariffs, despite strong Q1 results and e-commerce growth. The retailer remains optimistic about future sales.
Walmart shares rose, after the company reported strong sales growth, with low prices drawing Americans to its stores at a time of deep economic uncertainty. The stock (WMT) stood more than 2.5% higher in recent premarket trading.
Walmart's growth slows as margins face pressure from FX and tariffs, while valuation appears stretched, signaling limited upside. Learn more on WMT stock here.
Walmart’s sales rose 2.5 percent, narrowly missing analyst expectations. Experts say the retail giant may be better situated than some competitors to endure a trade war.
Walmart ( WMT) posted another mixed quarterly print on Wednesday morning.
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PCMag on MSNWalmart: Tariffs Have Nothing to Do With New Basket FeeThe retailer reinstates a $6.99 delivery fee on orders under $35 for those on a government-assistance program, but says the move is not linked to Trump administration tariffs.