💨 Abstract

Walmart reported a $4.45 billion profit for Q1, down from the previous year, due to tariffs and inflation. Despite strong sales growth, particularly in health, wellness, groceries, toys, and e-commerce, the company must raise prices to offset higher costs. Two-thirds of Walmart's merchandise is U.S.-sourced, mitigating some tariff impacts. Amazon also reported strong earnings, benefiting from tariff evasion tactics.

Courtesy: wtop.com