Walmart reports stronger-than-expected sales — but shares drop as profits get squeezed by tariffs
Walmart reported better than expected quarterly revenue as inflation-battered shoppers flocked to its stores — but the retail giant's shares were poised to drop as costs from Trump's tariffs cut into profits. The world's biggest retailer posted quarterly revenue of 175.9 billion target. But Walmart meanwhile missed quarterly profit expectations for the first time since May 2022. 4 Walmart crushed revenue expectations but stumbled on profits ...