Walmart has pulled its financial guidance for the first quarter due to uncertainty over the impact of sweeping tariffs, according to CNN. The retail giant stated it was uncertain about its first-quarter operating profit due to the need to maintain flexibility for price investments as tariffs are implemented. The company expects sales to grow by up to 4% for the quarter and reaffirmed its full-year sales and profit guidance.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Walmart has pulled its financial guidance for the first quarter due to uncertainty over the
00:06impact of sweeping tariffs, according to CNN. The retail giant stated it was uncertain about
00:11its first quarter operating profit due to the need to maintain flexibility for price
00:15investments as tariffs are implemented. The company expects sales to grow by up to 4%
00:19for the quarter and reaffirmed its full year sales and profit guidance.
00:23For all things money, visit Benzinga.com slash GSTV.