CFO of Walmart

That's the crystal ball that all retailers wish they had right now is to try to figure out where tariffs are going to be at what point in time so they can manage their inventory flow. We importantly are continuing to flow inventory. We want to have products on shelves for customers and members when they want to buy them.

That's the crystal ball that all retailers wish they had right now is to try to figure out where tariffs are going to be at what point in time so they can manage their inventory flow. We importantly are continuing to flow inventory. We want to have products on shelves for customers and members when they want to buy them.

So understanding what that demand is going to be though is pretty challenging. We've not seen a period where you've had prices go up this high this quickly. We're well equipped and experienced in dealing with elasticity or price increases that are going up 2 or 3%, but not 30%.

So understanding what that demand is going to be though is pretty challenging. We've not seen a period where you've had prices go up this high this quickly. We're well equipped and experienced in dealing with elasticity or price increases that are going up 2 or 3%, but not 30%.

So understanding by category, by item, what the demand is going to be is really important to making sure that you have the right amount of inventory in the right places at the right time.

So understanding by category, by item, what the demand is going to be is really important to making sure that you have the right amount of inventory in the right places at the right time.

We had a good quarter in what is an otherwise pretty unpredictable and dynamic environment right now. Our goal, though, we're wired to keep prices low for customers. But the level of tariffs that have been proposed is pretty challenging for all retailers, for suppliers. And certainly our concern is that consumers are going to feel some of that.

We had a good quarter in what is an otherwise pretty unpredictable and dynamic environment right now. Our goal, though, we're wired to keep prices low for customers. But the level of tariffs that have been proposed is pretty challenging for all retailers, for suppliers. And certainly our concern is that consumers are going to feel some of that.

So we're going to keep prices as low as we can for as long as we can.

So we're going to keep prices as low as we can for as long as we can.

That's the crystal ball that all retailers wish they had right now is to try to figure out where tariffs are going to be at what point in time so they can manage their inventory flow. We importantly are continuing to flow inventory. We want to have products on shelves for customers and members when they want to buy them.

So understanding what that demand is going to be though is pretty challenging. We've not seen a period where you've had prices go up this high this quickly. We're well equipped and experienced in dealing with elasticity or price increases that are going up 2 or 3%, but not 30%.

So understanding by category, by item, what the demand is going to be is really important to making sure that you have the right amount of inventory in the right places at the right time.

We had a good quarter in what is an otherwise pretty unpredictable and dynamic environment right now. Our goal, though, we're wired to keep prices low for customers. But the level of tariffs that have been proposed is pretty challenging for all retailers, for suppliers. And certainly our concern is that consumers are going to feel some of that.

So we're going to keep prices as low as we can for as long as we can.