Walmart reports solid sales and profits as US tariffs worry some consumers

NEW YORK (AP) — Walmart Inc. reported increases in second-quarter profits and sales Thursday as it pulls in shoppers seeking low prices for groceries and other essentials to offset worries that new U.S. tariffs may make a variety of goods more expensive.

The nation’s largest retailer also increased its annual profit and sales outlook. Quarterly results from Walmart and other major U.S. retailers this week offer clues on how consumers are reacting to the possibility of tariff-related price increases.