Walmart on Thursday reported another solid quarter behind sales gains in the United States, but warned of higher prices and continued uncertainty over president Donald Trump鈥檚 tariffs.
鈥榃e will do our best to keep our prices as low as possible but given the magnitude of the tariffs, even at the reduced levels, we aren鈥檛 able to absorb all the pressure,鈥� chief executive Doug McMillon said in a conference call with analysts.
The comment came as Walmart reported profits of $4.5 billion, down 12.1 per cent from the year-ago level, but topping analyst expectations. Revenues rose 2.5 per cent to $165.6 billion.
