Walmart's former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its 'doom and gloom' commentary
1. Walmart's former CEO believes tariff challenges may be overstated. 2. Gross profit margin increased by 25 basis points, indicating financial strength. 3. Consumer confidence may wane due to negative corporate commentary. 4. Walmart shares fell 0.5%, but remain positive for the year. 5. Stock up over 7% since recent tariff announcements.