Walmart says it will raise prices due to tariff costs after posting solid first quarter sales
Walmart says it will raise prices due to tariff costs after posting solid first quarter sales
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.
Walmart’s first quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by Donald Trump.
The nation’s largest retailers posted strong quarterly sales Thursday and said it expects sales growth of 3.5% to 4.5% in the second quarter.
Like many other U.S. companies, however, it did not issue a profit outlook for the quarter because of the chaotic environment, with stated U.S. tariff policies changing constantly. The company maintained its full year guidance issued in February.
That's how they maintain their profits.
China isn't paying the tariffs. And companies aren't paying the tariffs. It all depends on the American consumer paying the tariffs.
I'll be going without for as long as I possibly can - (not just Walmart). I'd expect them to be able to hold out for longer, but I've been training my whole life for this whereas they are just greedy assholes.
Yes, that's how they work. The point of tarrif is to make the foreign goods expensive for consumer so that the cosumer would choose a cheaper alternative that is made in America but, when there are no alternatives. It's just another kind of tax from the consumer.
Never waste an opportunity to
pick consumers pocketsincrease value to shareholders.