Walmart (WMT) CEO Doug McMillon said in Thursday's earnings call that the retailer will be forced raise prices due to tariffs, even at their 澳洲幸运5官方开奖结果体彩网:recently lowered levels.

"We will do our best to keep our prices as low as possible, but given the magnitude of the tariffs, even at the reduced levels announced this week, we aren't able to absorb all the pressure given the reality of narrow retail margins," McMillon said on the call.

The CEO added that the world's largest retailer is "positioned to manage the cost pressure from tariffs as well or better than anyone. But even at the reduced levels, the higher tariffs will result in higher prices."

Q1 Profit Tops Estimates

The world's largest retailer reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.61 on revenue that increased 2.5% to $165.61 billion. Analysts surveyed by Visible Alpha ha൩d expected $0.58 and $165.99 billion, respectively.

Walmart kept its fiscal 2026 guidance in place, and said it expects second-quarter net sales to increase by 3.5% to 4.5% in constant currency. Last quarter, the company said it expected 3% to 4% net sales growth from fiscal 2025's $674.5 billion, and adjusted EPS of $2.50 to $2.60 versus $2.51.

"Given the dynamic nature of the backdrop, and the range of near-term outcomes being exceedingly wide and difficult to predict, we felt it best to hold from providing a specific range of guidance for operating income growth and EPS for the second quarter," CFO John David Rainey said. "With a longer view into the full year, we believe we can navigate well and achieve our full year guidance."

Shares were down 4% in the open𓃲ing minutes Thursday after 🎶having risen in premarket trading soon after the report. They entered the day up 7% so far this year.

UPDATE—This article has been updated with the latest share price information.