The Walmart index is…unclear

The mega-retailer forecasts lower growth this year, saying:

“We have to acknowledge that we are in an uncertain time and we don’t want to get out over our skis here.”

More high earners are shopping for rollbacks, as value remains shoppers' top priority.

Walmart did not factor looming US tariffs on foreign goods into its forecast, because it’s unclear if or when they’ll kick in.

inventory levels increased 3% last quarter, suggesting it may be calling in orders to get ahead of future levies.

via The Daily Upside