Walmart Adjusts Financial Outlook Due to Tariff Impacts

In a move reflecting the growing uncertainties of global trade, Walmart Inc. has decided not to reaffirm its first-quarter income target. This decision comes as the retail giant faces new tariffs affecting imports from major suppliers such as China and Vietnam, ahead of its earnings report on May 15.

CEO Highlights Focus on Cost and Price Competitiveness

During Walmart's annual investor gathering, CEO Doug McMillon addressed the current market's unpredictability. He underscored the company's commitment to controlling costs, maintaining price competitiveness, and managing inventory efficiently. Despite maintaining its annual guidance, Walmart noted a widened range of outcomes for Q1 operating income growth, attributed to a less favorable category mix and higher expenses.

Sales Growth Expectations Remain Positive

Walmart continues to anticipate a 3–4% year-on-year growth in first-quarter sales. Further insights are expected during a live Q&A with executives, scheduled for 8 am CT (9 am ET), offering stakeholders a clearer view of the company's strategies amidst these challenges.