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Walmart rolled through 2024, but uncertainty about consumers and tariffs seep into year ahead

By ANNE D'INNOCENZIO - Feb 20, 2025, 01:20 PM ET
Last Updated - Feb 20, 2025, 01:20 PM EST
Walmart Results
FILE - Shown is a Walmart location in Philadelphia, Wednesday, Nov. 17, 2021. (AP Photo/Matt Rourke, File)

Walmart delivered another year of strong sales and profits with its competitive prices an increasingly strong magnet for inflation-weary shoppers, but this year appears to come with new challenges in an uncertain economic landscape

NEW YORK (AP) — Walmart delivered another year of strong sales and profits as its competitive prices became a strong magnet for inflation-weary shoppers. Yet uncertainty about the state of the American consumer and the potential impact of tariffs have seeped into expectations for 2025.

The financial outlook from nation's largest retailer, which has thrived amid stubborn inflation, delivered a jolt across the retail sector. Walmart sees per share profit over the next year coming in as much as 27 cents below analyst projections, a notable shift that sent company shares down more than 6% in midday trading.

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Its sales outlook was also mild, potentially a reflection of challenges ahead as consumers pull back on spending and President Donald Trump's tariffs on China and other countries threaten the low-price model that is the core of Walmart's success.

During an interview with The Associated Press Thursday, Walmart's Chief Financial Officer John David Rainey said shoppers remain resilient while cautious, but there is no apparent change in behavior related to tariffs.

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