Overview

• CEO Doug McMillon said restocking expenses have been rising weekly and he expects the pressure to persist through the current and year-end quarters.
• Prices in Walmart’s U.S. stores were about 1% higher on average than a year earlier in the last quarter.
• Walmart is taking on a portion of tariff costs in an effort to keep shelf prices lower for customers.
• The company is offsetting some of the burden by raising prices on select items that are not directly affected by the duties.
• Management reports changing purchasing patterns among low- and middle-income shoppers.