Thu, 15 May 2025

Thu, 15 May 2025 Walmart says higher prices could hit this month due to tariffs

The retailer says it isn't able to absorb all the pressure from tariffs, even at the reduced levels announced.

* Walmart plans to raise prices in the US as soon as this month due to increased costs from new tariffs on imports.
* Over two-thirds of Walmart's US sales are domestic, but China is a major supplier for key categories like toys and electronics.
* Tariffs on countries like Costa Rica, Colombia, and Peru are also affecting prices of staples like bananas, avocados, coffee, and roses.
* Shoppers may see higher prices in stores as soon as this month or definitely by June.
* Loblaw's CEO in Canada warns that Canadians will face a "large wave" of price increases due to retaliatory tariffs on US goods.
* Walmart executives are focused on shielding food prices from hikes and can quickly adjust their purchasing if consumers react negatively.
* The company cannot provide profit guidance for the next three months due to the dynamic nature of the situation, but expects to meet its original goals despite increased costs.
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