Walmart pulls quarterly operating income forecast, citing Trump’s tariffs
- Walmart pulled its financial guidance for the quarter due to uncertainty over tariffs on goods from China, Vietnam, and other sources.
- Walmart anticipates sales growth of up to 4% for the quarter and feels confident in navigating tariffs and economic challenges.
- Walmart's finance chief, John David Rainey, stated that leaning into uncertainty helps Walmart gain market share and historically emerge stronger after periods of uncertainty.
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Walmart's Bold Move to Reaffirm Its Full-Year Guidance Is a Positive Sign for Stock Market Investors @themotleyfool #stocks $WMT
In a time of great economic uncertainty, retail giant Walmart (NYSE: WMT) is showing notable resilience -- a sign that could bode well for both the retail giant itself and stock market investors overall. In a surprise move this week, Walmart rescinded its profitability guidance for fiscal Q1 as it grapples with an uncertain economic environment. But there's a critical silver lining in the retailer's update on Wednesday: Management reaffirmed bot…
The CFO of Walmart says the brand is facing a volatile outlook on a 'day to day' basis
Walmart's finance chief said the retailer was experiencing sales volatility "day-to-day."Justin Sullivan/Getty ImagesWalmart's finance chief said the company is facing increased volatility with daily changes in tariffs.CFO John Rainey said that sales volatility was changing "day-to-day."China, one of Walmart's biggest suppliers, was hit with 125% tariffs on Wednesday.Walmart's finance chief said the retailer is facing "day-to-day" sales volatili…
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