Reported 9 days ago
Walmart has maintained its annual profit outlook despite the implementation of Trump's tariffs, although it slightly adjusted its first quarter operating profit growth guidance, anticipating a potential impact from trade tensions. The retail giant expects a sales growth of 3% to 4% for the first quarter but cited risks linked to tariffs affecting its profit growth. As trade wars escalate, with tariffs from China rising dramatically, Walmart faces significant cost pressures, with analysts suggesting its earnings could be more adversely affected than previously estimated.
Source: YAHOO