Walmart (WMT) is mostly staying the course with its full year profit outlook despite Trump tariffs being in full effect and economic uncertainty on the rise.
The retail giant said Wednesday it continues to expect first quarter sales growth of 3% to 4%. But it slightly walked back its first quarter operating profit growth guidance for an increase of 0.5% to 2%, citing tariff risk.
"The range of outcomes for Q1 operating income growth has widened due to less favorable category mix, higher casualty claims expense and the desire to maintain flexibility to invest in price as tariffs are implemented," Walmart noted.
Walmart shares fell 2% in pre-market trading.
The company is holding a meeting with analysts and media to discuss its longer term initiatives.
This is breaking news and will be updated accordingly.
Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com.
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