Walmart says it absorbed about $175 million in fuel expenses last quarter, but future high costs could be passed on to consumers.
Walmart said its new revenue streams allow it to hold prices more steady in the face of rising fuel costs.
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Walmart took a $175 million hit to profit growth last quarter because of fuel expenses.
The retailer's CFO said it took the hit to preserve "trust" with customers rather than raise prices.
If costs remain high through this year, the company said it would need to increase prices.
The nation’s largest private employer reported positive quarterly results, but higher fuel prices have taken a bite out of its…
Walmart posted 7.3% quarterly revenue growth to $164B but warned of rising consumer strain from fuel costs and inflation, a key…
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The retail giant has deliberately kept prices down on everyday necessities amidst tight household budgets, with U.S. gasoline…
Walmart reports Q1 results Thursday, a report that could provide clues about consumer health and spending habits.
President Donald Trump’s tariffs on China and other countries threaten the low-price model that is at the core of Walmart’s…
