Prices are probably going up at Walmart. Watch for Target and other retailers to detail the tariff impact this week.

Earnings Watch

President Trump tells Walmart to ‘eat’ higher costs brought on by his trade approach as terms like ‘tariffs,’ ‘uncertainty’ and ‘recession’ are coming up more frequently in company earnings calls

Last Updated: May 18, 2025 at 12:04 p.m. ET
First Published: May 18, 2025 at 10:00 a.m. ET

Following Walmart Inc.’s earnings last week — which one analyst said would be the most important quarterly results for shopper sentiment so far — executives suggested consumers prepare for price increases, potentially within a few months.

This week, the lens on the consumer will narrow, as we get quarterly reports from retailers like home-improvement chain Home Depot Inc. on Tuesday and Target Corp. on Wednesday.