Walmart Says Tariffs Are an Opportunity to Gain Market Share

Walmart Inc. executives are confident that the world’s largest retailer will reach its financial targets this year, despite tariff turbulence that’s sparking uncertainty in the world economy.

On Wednesday, Walmart said that it still sees net sales growing 3% to 4% this year. That forecast accounts for tariffs, unlike its previous outlook from February.

The company, which has historically performed well in economic downturns, plans to keep prices low. This means it could take a short-term financial hit to maintain a price advantage against competitors. The company widened the range of its outlook for operating income for this quarter, acknowledging ...