Overview

• Executives told investors Thursday that prices will move higher on a week-to-week basis as post-tariff inventory is stocked.
• CEO Doug McMillon said tariffs are pressuring the business and that the company’s costs are increasing each week.
• Walmart had limited earlier price hikes because much of its inventory was purchased before the tariffs took effect.
• The company reported strong second-quarter sales but missed profit expectations, and shares fell roughly 4.5% during trading.
• Management said consumer reaction to gradual price increases has been muted so far, while President Trump has urged Walmart to absorb the tariffs.