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Walmart CEO Says Tariff Costs Expected To Rise, Lower And Middle Income Consumers Hit Most

Airyaman

Airyaman

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We all knew that even the big guys like Walmart and Amazon could hold off price increases for so long. It appears the time has come.

www.benzinga.com

Walmart CEO Says Lower And Middle Income Consumers Hit Most - Walmart (NYSE:WMT)

Walmart Inc. (NYSE: WMT) reported Q2 results and raised annual outlook. EPS missed estimates, but sales exceeded expectations. Stock trading lower.
www.benzinga.com www.benzinga.com

Walmart's CEO reportedly said the company is seeing its costs increase week after week as it
replenishes inventory at post-tariff price levels.

He added that tariff-related costs are expected to rise further into the third and fourth quarters.

He also noted that middle and lower income customers are making more adjustments than higher-
income shoppers in discretionary categories where prices have climbed.

During the conference call, Walmart's CFO reportedly said the company is closely monitoring customer
emand and adjusting purchasing quantities as it gauges the price elasticity of tariff-impacted items.
Click to expand...
 
Not a good time for wage growth for low-income Americans to stall out.

 
 
Wages stagnant, unemployment rising, prices rising, all while corporations make record profits and the wealth gap is wider than in 1917 in Russia.

Come on Revolution! 🤞
 
And yet they have convinced much of America the gop is better for the economy than the Democrats, the same way they have convinced many they are the party of values and law and order as they smashed their way into the capitol, were charged with many crimes, convicted and then pardoned by the head of the party of law and order. The right has convinced themselves after decades of being told so, they are the only legitimate party in America, the left is pure evil.
 
It will be interesting to see how corporate financials and CEO remarks track to the official numbers that are released......if in fact they are released.
 
Golden Age!

 
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