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Walmart CFO Warns Higher Prices Could Hit Shelves In Coming Months - Walmart (NASDAQ:WMT)
The company said persistent cost pressure could lift retail price inflation in the second quarter and second half of the year.
- On Thursday, Walmart warned that consumers may face higher prices at checkout if fuel costs remain elevated, a caution issued following its first-quarter earnings report showing inflation outpacing wage growth for the first time in years.
- Walmart CFO John David Rainey explained that seasonal tax refunds previously muted the impact of high fuel prices; with those refunds now ending, consumers will feel more pressure from elevated costs amid a three-year inflation high.
- Despite affordability pressures, Walmart reported total first-quarter revenue of $177.8 billion, a 7.3% increase year-over-year, with Walmart U.S. revenue reaching $117.2 billion as e-commerce sales climbed 26%, though growth trailed some Wall Street expectations.
- International sales rose 10.1% to $32.8 billion, while Sam's Club U.S. revenue increased 6.1% to $23.4 billion, and Walmart reaffirmed fiscal 2027 guidance projecting adjusted earnings of $2.75 to $2.85 per share on revenue up to $738.2 billion.
- Walmart shares traded down Thursday as investors digested the outlook; for the second quarter, the company forecast adjusted earnings of 72 cents to 74 cents per share, below analyst expectations of 75 cents, while competitor Target reported sales growth exceeding 6%.
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The Lawton Constitution
The Lawton ConstitutionWalmart flags higher fuel costs eroding retailer’s earnings
Walmart Inc. warned rising fuel costs are squeezing the company’s bottom line and could lead to higher prices for shoppers.
·Spokane, United States
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Walmart warns shoppers could face higher prices as fuel costs surge, tax refunds dry up
Hard-working Americans could soon face another blow at the checkout counter.Retail giant Walmart issued a warning Thursday after its Q1 earnings report, signaling that rising fuel costs could soon hit consumers at the checkout counter as seasonal tax-refund boosts dry up and inflation outpaces wages for the first time in years."I think higher tax returns muted some of the pressure related to higher fuel prices and as we’re in a period of time ri…
·United States
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Coverage Details
Total News Sources36
Leaning Left3Leaning Right3Center5Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 27%
C 46%
R 27%
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