Walmart Retracts Income Guidance Over Tariff Concerns

Walmart is pulling its first-quarter operating income outlook due in part to tariff-related concerns.“The range of outcomes for Q1 operating income growth has widened due to less favorable category mix, higher casualty claims expense and the desire to maintain flexibility to invest in price as tariffs are implemented,” the retail giant said in a news release Wednesday (April 9).Walmart had forecast operating income of 0.5% to 2% for the first quarter when it released fourth-quarter earnings results in Febru ...