- Walmart said President Donald Trump’s new tariffs could affect its profits in the first quarter, though it expects sales to be stable during the period and for the full year.
- In a news release, the discounter said it wants to “maintain flexibility” in case it has to spend more to keep prices low.
- The big-box retailer reaffirmed its full-year guidance ahead of an investor event on Wednesday.
DALLAS — Walmart
on Wednesday scrapped its outlook for operating income in the first quarter, citing uncertainty about the potential impact of sweeping tariffs on China, Vietnam and other key sources of goods across the globe.
In a news release, the discounter said it wants to “maintain flexibility to invest in price as tariffs are implemented.” It said it widened the operating income guidance for the fiscal first quarter, but did not provide a new range It had projected an increase of 0.5% to 2.0% in adjusted operating income in the fiscal first quarter.
Walmart maintained its first-quarter sales outlook of 3% to 4% growth.
The financial outlook and comments from executives came before President Donald Trump increased tariffs on goods from China to 125% and temporarily reduced duties on imports from dozens of other countries to 10%. Treasury Secretary Scott Bessent has said some 70 countries have reached out to the White House for talks about the levies.
MORE:
https://www.cnbc.com/2025/04/09/walmart-pulls-q1-guidance-due-to-trump-tariffs.html