Walmart Has ‘A Lot of Trepidation’ About Economy, as Consumers Feel ‘Very Pressured’

People shop at a Walmart Supercentre amid coronavirus fears spreading in Toronto, Ontario, Canada on March 13, 2020. Carlos Osorio/Reuters

Walmart is concerned about the U.S. economic outlook this year after its latest earnings projections showed that consumers were under heavy pressure.

Shares of the retail giant rose 0.4 percent after the big-box retailer gave its weaker-than-expected outlook for the year ahead.