Walmart warned that it will raise prices on food, electronics and toys later this month, citing increased costs from tariffs. Walmart CEO Doug McMillon commented on the price hikes on Thursday's earnings call.

The trade update came as Walmart posted solid top-line growth, including strong US comparable-sales gains, but decreased net income for its fiscal 2026 first quarter. Still, the Bentonville-based company topped Wall Street’s forecast for adjusted earnings per share.