High Tariffs Could Pinch Profits at Walmart, Retailer Says
1. Walmart CFO warns tariffs may hurt profits despite sales goals. 2. Sales projected to grow 3-4% with EPS around $2.50-$2.60. 3. Higher tariffs could jeopardize year-over-year earnings growth. 4. Walmart aims to limit price hikes, especially on groceries. 5. Shift in consumer spending towards necessities affects general merchandise sales.