A Walmart store in Encinitas, Calif. Reuters/Mike Blake/File Photo
Walmart, a bellwether of consumer confidence, saw its revenue increase as the United States began to roll out a new, wide-ranging tariff program. Nevertheless, profit growth was lower than expected.
On Aug. 21, the retail giant based in Bentonville, Arkansas, released its second-quarter earnings report. It indicated that the company’s total revenues increased by about 4.8 percent to $177.4 billion in the three-month period that ended on July 31. Net sales rose by a similar percentage to $120.9 billion.
