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

DALLAS, Texas — Walmart on Wednesday pulled its outlook for operating income in the first quarter, citing uncertainty about the potential impact of sweeping tariffs on China, Vietnam and other key sources of goods across the globe. In a news release, the discounter said it wants to "maintain flexibility to invest in price as tariffs are implemented." It did not provide a new range for first-quarter operating income. It had projected an increase of 0.5% to 2.0% to adjusted operating income in the fiscal firs ...