NEW YORK, May 15 (Xinhua) -- Walmart on Thursday reported mixed results for its fiscal first quarter ending April 30, narrowly missing revenue expectations as the retailer signaled that rising tariffs are likely to lead to higher prices for consumers.
While the company beat earnings estimates, Walmart CEO Doug McMillon warned that current tariff levels -- despite a temporary reduction on Chinese imports -- are "still too high" for Walmart or its suppliers to fully absorb.
