In a Trade War, Walmart Lacks Some of Amazon’s Ammunition
In This Article:
Walmart used its fiscal first-quarter report on Thursday to warn that its prices are going up as products covered by new tariffs start hitting its shelves. Walmart’s stock sold off sharply Thursday morning but quickly recovered. It has now risen nearly 2% since reporting earnings, putting it up around 53% over the past 12 months—well ahead of other retailers and trouncing Amazon’s 12% gain over the same period.