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Posted by
Two Blokes May 15 -
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Walmart Inc (NYSE:WMT, ETR:WMT) shares moved lower despite a first quarter earnings beat as management warned that price increases as a result of global tariffs are coming soon. “We will do our best to keep our prices as low as possible but given the magnitude of the tariffs, even at the reduced levels announced this week, we aren't able to absorb all the pressure given the reality of narrow retail margins,” Walmart CEO Doug McMillon said in the company's earnings call on Thursday.
