BRIEF-Walmart CEO Says Larger Tariffs On China Have The Biggest Impact

Reuters
15 May
BRIEF-Walmart CEO Says Larger Tariffs On China Have The Biggest Impact

May 15 (Reuters) - Walmart Inc WMT.N:

  • WALMART CEO SAYS ALL OF THE TARIFFS CREATE COST PRESSURE FOR US, BUT THE LARGER TARIFFS ON CHINA HAVE THE BIGGEST IMPACT FOR US - CONF CALL

  • WALMART CEO SAYS 'WE WON'T LET TARIFF-RELATED COST PRESSURE ON SOME GENERAL MERCHANDISE ITEMS PUT PRESSURE ON FOOD PRICES'

  • WALMART CEO SAYS BUT AS IT RELATES TO FOOD AREA FOR IMPORTED ITEMS LIKE BANANAS, AVOCADOS, COFFEE AND ROSES, WILL DO OUR BEST TO CONTROL

  • WALMART CEO SAYS FACING TARIFF PRESSURE FOR IMPORTED ITEMS LIKE BANANAS, AVOCADOS, COFFEE & ROSES

  • WALMART CFO SAYS WE WILL NEED TO MANAGE QUANTITY VOLUMES AS WE MEASURE TARIFFS

  • WALMART CFO SAYS RESTORATION OF DRAMATICALLY HIGHER TARIFF LEVELS, THE IMPACT ON FINANCIALS COULD BE SIGNIFICANT AND EVEN JEOPARDIZE ABILITY TO GROW EARNINGS YOY

  • WALMART CFO SAYS FEBRUARY WAS SOFTER THAN EXPECTED, MARCH WAS BACK TO NORMA AND APRIL WAS VERY STRONG

Further company coverage: WMT.N

((Reuters.Briefs@thomsonreuters.com;))

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