welcome
ABC News

ABC News

Business

Business & Economics

Walmart to raise prices due to tariff costs after posting solid first quarter sales

ABC News
Summary
Nutrition label

81% Informative

President Trump 's tariffs on China and other countries threaten the low-price model that is at the core of Walmart ’s success.

Walmart earned $4.45 billion , or 56 cents per share, in the quarter ended April 30 , down from $5.10 billion in the same period last year .

Revenue rose 2.5% to $165.61 billion , just short of analyst estimates.

Shares rose almost 3% before the opening bell.