Walmart’s CFO says higher prices are probably coming this month

You mightiness privation to hole for things to wage much astatine Walmart. The company’s CFO, John David Rainey, told CNBC that the Trump administration’s tariffs are “still excessively high” and that consumers could spot higher prices “likely towards the process extremity of this month, and past surely overmuch much successful June.”

“We’re wired for mundane debased prices, but the magnitude of these increases is much than immoderate retailer tin absorb,” Rainey said. The institution volition “absorb immoderate of the terms increases and suppliers volition too,” but consumers volition astir apt inactive spot terms increases, “which concerns us.”

Walmart imports “about a 3rd of our wide merchandise and food” that it sells successful the US from “a number” of countries, according to Rainey. “China is the largest. It’s China and Mexico, Canada, India, Vietnam.”

Walmart reported its Q1 fiscal twelvemonth 2026 net connected Thursday. “We volition bash our champion to support our prices arsenic debased arsenic imaginable but fixed the magnitude of the tariffs, adjacent astatine the reduced levels announced this week, we aren’t capable to sorb each the unit fixed the world of constrictive retail margins,” CEO Doug McMillon said connected a telephone with analysts connected Thursday, according to The New York Times. McMillon besides noted that “the higher tariffs volition effect successful higher prices.”

Update, May 15th: Clarified that Walmart’s net contiguous were for its fiscal twelvemonth Q1 2026.