11:18 AM EDT, 04/09/2025 (MT Newswires) -- Walmart ( WMT ) on Wednesday reiterated its sales and operating income outlooks for fiscal 2026, shrugging off concerns that tariffs-related uncertainty could force the retailer to pull its guidance.

The company in February estimated full-year sales to rise by 3% to 4% and adjusted operating income to increase by 3.5% to 5.5%, each at constant currencies.

"Our guidance for sales and operating income growth for the full year remain unchanged," Chief Financial Officer John David Rainey said at the company's investor meeting, according to a FactSet transcript.

Earlier in the week, Oppenheimer predicted that Walmart ( WMT ) could withdraw its fiscal 2026 guidance due to volatility linked to President Donald Trump's reciprocal tariffs.

Shares of the company increased 3.6% in Wednesday trade.

China on Wednesday increased tariffs on imports from the US to 84% from 34%, effective Thursday, after Trump boosted duties on the Asian country to above 100% in total. The White House announced a sweeping new tariff policy last week.

Walmart ( WMT ) wants to keep prices low, while managing inventory and costs, according to Rainey. "We see opportunities to accelerate share gains" as tariffs are applied to imported goods, the CFO said.

Truist Securities said in a Wednesday note that "environment disruptions lead to share gains given Walmart's ( WMT ) deep value and convenience-based offerings."

Walmart ( WMT ) said it continues to project first-quarter sales to increase 3% to 4%. The current consensus on FactSet is for revenue of $165.78 billion. The company's initial forecast was in constant currency terms.

"For the current quarter, the uncertainty and decline in consumer sentiment has led to a little more sales volatility week to week and frankly, day to day," Rainey said at the investor meeting. "But we still expect (first-quarter) sales to be in the range of guidance of 3% to 4% growth."

Walmart ( WMT ) widened its range of outcomes for first-quarter operating income gains, citing a less favorable category mix, higher casualty claims and its "desire to maintain flexibility to invest in price." In February, the retailer anticipated adjusted operating income to rise by 0.5% to 2%. It didn't provide a new range on Wednesday.

"Operating income has been harder to predict and we've widened our internal range of scenarios, given the current backdrop," Rainey said.

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