Amid Trump’s Tariff Wars, Walmart Reiterates Q1 Sales Guidance But Says Range Of Outcomes For Operating Income Growth Has Widened

Walmart Inc. (WMT) reiterated its first-quarter sales guidance on Wednesday while keeping its annual sales and operating income growth outlook unchanged in the wake of the ongoing tariff wars.

The company, however, said the range of outcomes for its Q1 operating income growth has widened.

This is “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 said in a statement.

The retail giant expects Q1 sales growth to continue to align with its 3% to 4% outlook.

The announcement comes ahead of the company’s Investment Community Meeting, where its leadership will share its views on driving growth, creating shareholder value, and the current operating environment.

According to a CNBC report, CEO Doug McMillon acknowledged the turbulent times but said the company has learned how to navigate these challenging times.

“It’s clearly a fluid environment,” he said. “And while we don’t know everything that’s going to happen, of course, we do know what our priorities are, and we know what our purpose is, and we’ll be focused on keeping prices as low as we can. We’ll be focused on managing our inventory and our expenses well.”

Walmart will begin the event at 9 a.m. ET. The company said attendees will get a view into its strategy to drive growth by improving customer and member experiences and create shareholder value by strengthening its business model.

Walmart shares have lost over 9% in 2025 but have gained over 36% in the past 12 months.

Also See: US Stock Futures Decline Amid Escalating Tensions With China Over Trump's Tariff Wars: Cathie Wood Pitches ‘Mar-a-Lago’ Accord As Treasury Yields Spike

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