Walmart concedes ‘magnitude of tariffs’ is pushing prices up after strong first quarter - MarketWatch
1. Walmart beat fiscal Q1 earnings and revenue expectations, maintaining full-year outlook. 2. CEO Doug McMillon highlighted tariff impact on pricing despite positive sales growth. 3. Comparable sales increased 4.5%, surpassing analyst expectations amid cost pressures. 4. The company anticipates annual net sales growth of 3% to 4% for FY 2026. 5. Consumer spending remains healthy, alleviating some fears about supply chain issues.