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5h ago

Walmart to Raise Prices Due to Ongoing Tariff Pressures

The retail giant confirms price hikes will start later this month and increase in June, citing the inability to fully absorb costs from U.S. tariffs on imports.

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© Photo by FREDERIC J. BROWN/AFP via Getty Images)
FILE – Empty shopping carts are collected from the parking lot at Walmart store in Burbank, Calif., on Thursday, April 10, 2025. (AP Photo/Damian Dovarganes, File)
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Overview

  • Walmart CFO John David Rainey announced that prices will begin rising by late May, with sharper increases expected in June, due to tariff-driven cost pressures.
  • Despite a recent reduction in U.S.-China tariffs to 30% for 90 days, Walmart executives say the costs remain too high to avoid passing them on to consumers.
  • The company maintained its full-year sales and profit forecast but withheld second-quarter profit guidance, citing ongoing trade policy uncertainty.
  • Walmart reported strong U.S. same-store sales growth of 4.5% last quarter and achieved its first-ever profitable quarter for its e-commerce division.
  • Analysts highlight Walmart's scale and global sourcing network as key strengths in managing tariff impacts, though the company acknowledges limits to its ability to shield customers from price increases.