Walmart reported a decline in first-quarter profits, earning $4.45 billion, reflecting the impact of rising costs due to tariffs imposed by the Trump administration. Despite this dip, the retailer achieved a revenue increase of 2.5%, totaling $165.61 billion. The company maintained its full-year guidance but refrained from offering a profit outlook due to uncertainties around U.S. tariff policies. While e-commerce sales rose significantly, traditional sales faced challenges as consumers started to spend cautiously amid ongoing economic concerns and inflation, highlighting the difficulties ahead for retailers.
Walmart's profits declined in Q1 due to increased tariffs, prompting price hikes. Despite this, revenue grew modestly, demonstrating its resilience against market fluctuations.
The chaotic tariff environment prevents clear profit forecasts even as Walmart sees a revenue rise of 2.5% to $165.61 billion amid fluctuating sales patterns.
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