Walmart exec warns customers Trump's tariffs could mean higher prices [Fortune]
Lowe's Companies, Inc. (LOW)
Last lowe's companies, inc. earnings: 2/26 06:00 am
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Source: Fortune
“We never want to raise prices,” Rainey told CNBC on Tuesday. “Our model is everyday low prices. But there probably will be cases where prices will go up for consumers.” He did not say which items' prices would be impacted by tariffs. Walmart reported another quarter of stronger-than-expected earnings Tuesday, thanks in large part to its low prices that continue to resonate with inflation-stricken customers. A Walmart spokesperson told Fortune any price changes are speculative at this point, but that future tariff-induced cost increases would be an additional burden to already price-sensitive shoppers. “We're concerned that significantly increased tariffs could lead to increased costs for our customers at a time when they are still feeling the remnants of inflation,” the spokesperson said in a statement. According to the company, two-thirds of its dollars are spent sourcing products manufactured, assembled, or grown in the U.S. It has been navigating tariffs in some capacity fo
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LOW
Earnings
- 11/19/24 - Beat
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Sec Filings
- 11/19/24 - Form 8-K
- 10/4/24 - Form 4
- 10/4/24 - Form 4
- LOW's page on the SEC website