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Retail giant Walmart issued a warning Thursday after its Q1 earnings report.
Walmart warns rising fuel costs will soon impact consumer prices as tax refunds diminish.
KEY POINTS
- Walmart reported a 7.3% Q1 revenue increase to $177.8 billion, missing analyst expectations.
- Walmart's CFO notes lower-income shoppers are increasingly financially distressed compared to wealthier consumers.
- Amazon has overtaken Walmart as the world’s largest company by revenue.
COMPANIES
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