Walmart to raise prices amid tariff pressures despite strong Q1 sales performance
Walmart's first-quarter profit dipped despite strong sales, prompting the retail giant to raise prices due to tariff-related costs from President Trump's policies. While revenue increased, the company acknowledged challenges and expects gradual price increases, already initiated in April and May. Despite efforts to mitigate costs, tariffs on Chinese goods and other imports are impacting prices across various merchandise categories.
Walmart's first-quarter profit dipped despite strong sales, prompting the retail giant to raise prices due to tariff-related costs from President Trump's policies. While revenue increased, the company acknowledged challenges and expects gradual price increases, already initiated in April and May. Despite efforts to mitigate costs, tariffs on Chinese goods and other imports are impacting prices across various merchandise categories.
