Walmart reported their fiscal Q1 ’26 earnings results last Thursday morning, May 15th, 2025 and while actual EPS beat consensus by 5%.

Tariffs are coming down, and the market is getting excited. Since the U.S. and China announced a tariff deal, the S&P 500 (SNPINDEX: ^GSPC) is up 5%, bringing it back into a year-to-date gain. U.S. companies are also still cautioning about how tariffs could affect their businesses.

Keybanc noted that Walmart Inc (WMT) is continuing to perform well, despite the negative impact of tariffs and the retail market’s volatility. Moreover, the bank is impressed by the retailer’s consistency.

Walmart opened the door for retailers to hike prices over tariffs, but Home Depot doesn't plan to. Digging into each business helps explain why.

Treasury Secretary Scott Bessent has acknowledged that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trump’s tariffs to its shoppers through higher prices.

Consumers have been pinching pennies since skyrocketing inflation in 2022 took a toll on their wallets, and worries that prices may rise further in the wake of newly instituted tariffs have sparked considerable debate.