EvercoreISI retail analyst Greg Melich estimated this week that Walmart
imports about $105 billion worth of merchandise.
- Cost pressure from the tariffs could clip earnings this year three times more than the Street expects currently, Melich said
In a news release, the discounter said it wants to "maintain flexibility to invest in price as tariffs are implemented."
It did not provide a new range for first-quarter operating income. It
had projected an increase of 0.5% to 2.0% to adjusted operating income
in the fiscal first quarter.
Walmart Reaffirms 1Q Sales Ahead of Tariffs
April 09, 2025 at 07:35 am EDT
By Katherine Hamilton
Walmart reaffirmed its first-quarter sales guidance and widened its range for operating income growth to stay flexible on pricing as tariffs go into effect.
The retailer said it expects sales growth to continue to be in line with the 3% to 4% guidance it has previously shared for the first quarter, which it reports on May 15.
The range of outcomes for first-quarter operating income growth has
widened due to a less favorable category mix, higher casualty claims
expense and the desire to maintain flexibility to invest in price as
tariffs are implemented, Walmart said.
"Our customers want four things:
- everyday low prices,
- a broad assortment,
- a convenient and enjoyable shopping experience and
- to do business with a company they trust," --- Chief Executive Doug McMillon said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
04-09-25 0734ET
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