Part of Walmart's US stores saw a sales increase of 4.8%. The CEO stated that they can feel the costs increasing every week.
Walmart said on Thursday that sales at its US stores open at least a year increased by 4.8%, with market share growth achieved in all income groups, particularly among high-income families. The company also raised its full-year sales forecast. Walmart CEO Doug McMillon said that tariffs have put pressure on the company and that the company "feels the costs increasing every week." However, the company will "keep prices as low as possible for as long as possible." He stated that customers have not shown significant changes in purchasing behavior due to tariffs, but some lower- and middle-income families have stopped buying some non-essential items that have increased in price.
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