Walmart stock drops as it signals price hikes due to ‘magnitude’ of Trump tariffs
Walmart (WMT) posted a mixed quarterly print Thursday morning as it navigates President Trump’s tariffs.
Its Q1 revenue jumped 2.5% to $165.6 billion, missing Wall Street expectations of $166.02 billion. Adjusted earnings per share grew 1.7% year over year to $0.61, beating estimates of $0.58. US same-store sales also beat expectations with a 4.5% increase, led by health and wellness, and groceries.
But Walmart stock dropped 5% in early trading as it signaled more pain ahead.
“We will do our best to keep our prices as low as possible, but given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins,” Walmart CEO Doug…
