April 9 (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)