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Walmart reaffirms annual forecasts
Apr 9, 2025 4:25 AM

(Reuters) -Walmart ( WMT ) is sticking to its annual sales and operating income growth forecast, the retailer said ahead of its investor day on Wednesday.

The retailer had in February forecast annual sales to rise between 3% and 4% and adjusted operating income to increase between 3.5% and 5.5%.

The unchanged forecasts comes amid uncertainty regarding the impact of Trump's slew of tariffs mainly on Asian countries that supply everything from clothing to toys to Walmart ( WMT ).

On Wednesday, these "reciprocal" tariffs on dozens of countries took effect including 104% duty on Chinese goods, deepening the global trade war.

Walmart ( WMT ) shares, which have fallen nearly 9% since new tariff announcement on April 2, fell 2.7% in premarket trading.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Anil D'Silva)

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