Walmart Inc. Withholds Q1 Profit Outlook

On Wednesday, Walmart Inc. chose not to reaffirm its first-quarter income target, signaling growing concerns over new tariffs impacting imports from major suppliers such as China and Vietnam. This decision precedes the company's earnings report on May 15 and its annual investor meeting.

CEO Doug McMillon Addresses Market Volatility

CEO Doug McMillon highlighted the unpredictable market conditions, underscoring Walmart's strategies to maintain cost control, competitive pricing, and efficient inventory management. Despite maintaining its annual guidance, Walmart noted a broader range of possible outcomes for Q1 operating income growth, attributed to a less favorable category mix, higher casualty claims, and strategic pricing investments in response to tariffs.

Sales Growth Expectations Remain Steady

Walmart anticipates a 3–4% year-on-year increase in first-quarter sales. Further insights are expected during a live Q&A with executives at 8 am CT (9 am ET).