Walmart sees a wider range of outcomes for first-quarter profit amid tariffs

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Earnings Outlook

Retailer tells analysts it will invest to keep prices down in stores

Last Updated: April 9, 2025 at 8:02 a.m. ET

First Published: April 9, 2025 at 7:26 a.m. ET

Walmart Inc. said Wednesday the impact of tariffs may cause it to “invest in price,” which will “widen the range of outcomes” for its first-quarter operating income growth.

The update came as Walmart holds an investor day, ahead of its first-quarter results due next month.

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