America’s largest retailer sounded the alarm on President Donald Trump’s sweeping tariffs — despite consumers still flocking to stores.

Walmart announced Thursday that its sales growth over at stores open for at least a year have jumped 4.8%, with the company even raising its sales forecast to 3.75% and 4.75% for the fiscal year. But its CEO, Doug McMillon, said that tariffs have created pressures on the giant as it is trying to keep prices low for “as long as we can.”

While tariff impacts have so far been gradual, Walmart said it is seeing increased costs on a week-to-week basis, as it begins to replenish inventory at post-tariff price levels. It comes as the company has previously warned they would need to raise some prices earlier in the year.

“Consumers haven’t reacted so much

See Full Page