Walmart will likely raise some prices if Trump tariffs take effect, CFO says
Walmart(WMT) CNBC·2024-11-19 22:58
A Walmart store in Martinez, California, US, on Monday, Nov. 18, 2024. Walmart Inc. is scheduled to release earnings figures on November 19.Walmart's CFO John David Rainey said the retailer would likely have to raise prices on some items if President-elect Donald Trump's proposed tariffs take effect."We never want to raise prices," he said in an interview with CNBC on Tuesday. "Our model is everyday low prices. But there probably will be cases where prices will go up for consumers."Rainey added that it's to ...