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Walmart warns of price hikes due to tariffs, impacting profits despite strong sales.
Walmart has warned it will raise prices due to increased costs from tariffs, impacting its first-quarter profit and sales growth.
Despite strong sales, the company's earnings fell, and it did not provide a profit outlook due to unpredictable tariff policies.
CEO Doug McMillon stated that while Walmart will try to keep prices low, the magnitude of the tariffs makes it difficult to avoid raising prices.
The company projects a 3.5% to 4.5% sales growth for the second quarter.
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Walmart advierte de subidas de precios debido a los aranceles, afectando las ganancias a pesar de las fuertes ventas.