Walmart will begin raising prices at the end of May due to higher tariff costs. CEO Doug McMillon stated that Walmart will try to keep prices low but cannot absorb all the tariff-related costs because of narrow retail margins. Analysts believe Walmart’s size and broad product range will help it manage price increases better than most competitors.
Key takeaways:
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Walmart will raise prices starting late May due to tariff pressures.
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The company’s first-quarter sales were strong, but it withheld second-quarter profit guidance.
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Walmart kept its full-year outlook, signaling confidence despite economic uncertainty.
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