Walmart(US:WMT) 美股IPO·2025-08-22 03:46Core Viewpoint - Walmart's CEO Doug McMillon warns that rising tariffs are increasing operational costs, which are expected to persist into the third and fourth quarters, despite efforts to lower product prices [1][3][6] Group 1: Financial Performance - Walmart's Q2 revenue grew by 4.8% to $177.4 billion, exceeding expectations, and the company raised its full-year sales guidance [3] - However, operating profit declined by 8.2% to $7.3 billion, falling short of expectations, leading to a 4.5% drop in stock price, marking the largest single-day decline in over four months [3][6] Group 2: Impact of Tariffs - The company indicates that the cost of goods is rising weekly due to tariffs, with about one-third of its U.S. products imported from countries like China, Mexico, Vietnam, and India [6] - The same-store inflation rate increased by 1.1% year-over-year, doubling from the previous quarter, although it remains below the overall U.S. inflation rate [6] - Despite some price reductions in food items, the overall grocery inflation rate in the U.S. rose by approximately 1.5%, while prices for clothing and electronics have decreased [6] Group 3: Consumer Behavior - McMillon noted that while there hasn't been a drastic change in consumer spending behavior due to tariffs, adjustments are more pronounced among middle- and low-income households compared to high-income households [6]