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Investing.com -- Walmart’s U.S. head stated that shoppers are spending at a healthy rate and showing resilience despite economic uncertainty and higher prices resulting from President Donald Trump’s tariffs.
"We see (a) resilient customer that makes really smart choices for what’s right for them and their families at the time they’re shopping," John Furner, CEO of Walmart U.S., said during a panel discussion Wednesday at CNBC’s "Invest in America" forum, according to Bloomberg News.
In August, the world’s largest retailer raised its annual forecasts, indicating that U.S. consumers across all income levels were continuing to shop at its stores despite economic challenges. This positive outlook came even as Walmart reported its first quarterly earnings miss in more than three years.
Walmart CEO Doug McMillon previously mentioned in a post-earnings call that he expected current shopping patterns to continue through the third and fourth quarters. He noted that the impact of tariffs has been gradual enough that consumer habits have only changed modestly.
Shoppers are facing pressure from persistent inflation and uncertainty related to the Trump administration’s tariff policies, which have affected spending, particularly among lower-income households.
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