The headline seems to be interpreted by others here that the two parts are linked, but they don’t directly relate. Sales being solid doesn’t say anything about costs. Revenue was up but EPS was down quarter over quarter.
We’ll see if the China tariff pause will help.
I guess I was very unclear in my argument.
ITT Walmart is raising prices despite making more money than ever. In reality, Walmart is earning less than last year and trying to recoup tariff costs through price increases. The difference is in if you understand that sales being up doesn’t mean profits are up.
Tariffs still being in effect means Walmart is justified in its actions.
https://apple.news/Acq4g9QMtS-SKYiEYYqSJ8w
This says, Walmart the world’s largest retailer, said President Donald Trump’s tariffs are “too high” and it will raise prices on some items as Trump’s global trade war increases the company’s costs.
Oof, Walmart being their favored store this is gut punch right into MAGAts every where
They did, and raising your prices for expecting the tariffs to make things more expensive is pretty normal.
That said, All of the companies are just given a free rein to do whatever the hell they want right now, prices on everything are going to skyrocket and stay there, economy decline and inflation incoming.
Nice use of a picture of dumbbells to represent their customer base.
They don’t even need the tarrifs now. They won’t ever let prices come back down
