Walmart, which became the nation’s largest retailer by making low prices a priority, has found itself in a place it’s rarely been: Warning customers that prices will rise for goods ranging from bananas to car seats.
The headline seems to be interpreted by others here that the two parts are linked, but they don’t directly relate. Sales being solid doesn’t say anything about costs. Revenue was up but EPS was down quarter over quarter.
ITT Walmart is raising prices despite making more money than ever. In reality, Walmart is earning less than last year and trying to recoup tariff costs through price increases. The difference is in if you understand that sales being up doesn’t mean profits are up.
Tariffs still being in effect means Walmart is justified in its actions.
This says, Walmart the world’s largest retailer, said President Donald Trump’s tariffs are “too high” and it will raise prices on some items as Trump’s global trade war increases the company’s costs.
The headline seems to be interpreted by others here that the two parts are linked, but they don’t directly relate. Sales being solid doesn’t say anything about costs. Revenue was up but EPS was down quarter over quarter.
We’ll see if the China tariff pause will help.
There isn’t any pause.
Tariffs on Chinese imports are 55%.
I guess I was very unclear in my argument.
ITT Walmart is raising prices despite making more money than ever. In reality, Walmart is earning less than last year and trying to recoup tariff costs through price increases. The difference is in if you understand that sales being up doesn’t mean profits are up.
Tariffs still being in effect means Walmart is justified in its actions.
https://apple.news/Acq4g9QMtS-SKYiEYYqSJ8w
This says, Walmart the world’s largest retailer, said President Donald Trump’s tariffs are “too high” and it will raise prices on some items as Trump’s global trade war increases the company’s costs.