Walmart said it managed to avoid some of the price hikes it expected last quarter, but its costs continue to increase each week.

Target also imports about half of its merchandise, compared to roughly 33% at Walmart, so it needs to raise prices at almost double the rate of Walmart to mitigate the tariff impact, Bank of America analyst Robert Ohmes said in a report this week.

Futures off: Dow 0.39%, S&P 500 0.36%, Nasdaq 0.37% Walmart hikes annual forecast; shares drop US weekly jobless claims rise to highest since June Coty falls on weak U.S. spending forecast Boeing gains as report says company to sell jets to China Aug 21 ...

The company slightly raised its guidance for the fiscal year. Walmart now sees net sales rising 3.75% to 4.75% from last year, compared to prior guidance for a range of 3% to 4%. Walmart also tweaked its earnings forecast, saying it now expects adjusted earnings per share to range from $2.52 to $2.62. The previous outlook was for $2.50 to $2.60.

Shares of Walmart Inc. dropped in early trading Thursday, after the discount-retail behemoth missed fiscal second-quarter profit expectations, but raised its full-year outlook and saw strength in sales at both its retail and Sam’s Club warehouse stores.

Walmart has finally restocked the ultra-popular Milwaukee M18 tire inflator, and it also dropped a $29 discount on it. Grab this deal for a gift or for yourself.

Walmart’s adjusted earnings miss analysts’ estimates but second-quarter revenue tops forecasts. Tech stocks Palantir, Nvidia, and Intel extend losses.