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Walmart pulls quarterly operating income forecast, citing Trump’s tariffs

  • Walmart is maintaining its full-year sales and income forecasts while pledging to keep prices low despite President Trump's tariffs raising concerns about a global recession.
  • Walmart's shares fell nearly 9% since the announcement of tariffs on April 2, but the company has stuck to its full-year sales and income growth forecasts.
  • Walmart CEO Doug McMillon stated, 'Operating income has become harder to predict,' highlighting changing sales trends and a need to manage inventory.
  • Walmart's imports are largely from China, with around 60% coming from there, and it has been negotiating price hikes with suppliers.
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Quartz broke the news in United States on Wednesday, April 9, 2025.
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