The good news? Walmart Inc. on Thursday reported another quarter of healthy sales growth. The bad news: Its profit fell short of Wall Street forecasts, in part because of how it is managing all the tariff uncertainty.
The massive big-box chain said that comparable U.S. sales in the quarter ended July 31 rose 4.6%, more than analysts expected and certainly much better than the 1.9% drop at its struggling rival Target. Still, its profit missed the mark slightly for a variety of reasons, including its decision to absorb the costs of tariffs on some items (though certainly far from all).
