Walmart:We are concerned significant increase in tariffs could lead to increased prices

Walmart spokesperson is warning that significant increasing tires could lead to increase prices for consumers (note not the company).

Earlier today Walmart reported earnings:

Walmart (WMT) Q3 2024 (USD):

• Adj. EPS 0.58 (exp. 0.53)

• Revenue 169.50bn (exp. 167.68bn)

• Total US comparable sales ex-gas +5.5% (exp. +3.8%)

• FY adj. EPS view 2.42-2.47 (prev. 2.35-2.43, exp. 2.45)

• Walmart-only US stores comparable sales ex-gas +5.35% (exp. +3.73%)

• Sam’s Club US comparable sales ex-gas +7% (exp. +4.22%)

Shares of Walmart are up $1.85 or 2.2% in premarket trading in what is a down market in premarket trading.

This article was written by Greg Michalowski at www.forexlive.com.