Walmart Stock Tumbles: CEO Warns Tariffs Are Raising Costs

1. WMT shares dropped 5% following its first earnings miss in three years. 2. CEO McMillon highlighted tariffs negatively affecting WMT's profitability. 3. Walmart has mostly absorbed tariff costs, passing on only 4-5% to consumers. 4. 30% of products previously sourced from China have been shifted to other countries. 5. Tariff-related costs are expected to rise in the second half of the year.