Key Takeaways As Walmart raises prices, it will be easier for its competitors to justify charging more for items, said Neil Saunders, managing director of retail at analytics and consulting firm GlobalData.

Walmart reported strong results for the first quarter of fiscal 2026, beating analyst estimates for revenue and earnings while maintaining its outlook for the full year. However, the company warned that the impact of U.S. tariffs would force it to raise prices toward the end of May, which could have a negative impact on sales.

Walmart announced Thursday prices for its merchandise will increase due to tariffs. Here's how that impacts Long Island shoppers.