Walmart withdrew its fiscal first-quarter operating income outlook on Wednesday, according to CNBC. The retail giant cited uncertainty from sweeping new tariffs imposed on China, Vietnam, and other key manufacturing nations. Walmart maintained its first-quarter sales forecast of up to 4% growth and reaffirmed its full-year guidance. CEO Doug McMillon acknowledged the volatile environment, stating the company will focus on price, inventory, and expense control as it navigates the trade disruption.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Walmart withdrew its fiscal first quarter operating income outlook on Wednesday, according to CNBC.
00:07The retail giant cited uncertainty for sweeping new tariffs imposed on China, Vietnam, and other key manufacturing nations.
00:14Walmart maintained its first quarter sales forecast of up to 4% growth and reaffirmed its full year guidance.
00:20CEO Doug McMillan acknowledged the volatile environment, stating the company will focus on price inventory and expense control as it navigates the trade disruption.
00:28For all things money, visit Benzinga.com slash GSTV.