Walmart delivered another quarter of solid sales and earnings growth, but cautioned that tariffs and increasing economic turbulence means even the world’s largest retailer expects to raise prices.
Sales rose 4.5 per cent at US Walmart stores open at least a year for the quarter ended April 30, while adjusted earnings were US61¢ a share. The results are better than what Wall Street analysts were expecting, suggesting a decision to lower prices to win market share is paying off for the chain.
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Bloomberg