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CLAIM #63806 · Walmart Inc. (WMT) · 2025Q4 earnings call · Feb 20, 2025 · due Jan 31, 2026

We planned a very - I'd say a normalized year, and I know this is 1% to 2% There will always be some anomalies like what we're seeing right now with eggs as a result of avian flu last fall. Those things tend to work themselves out over time. So we don't have a large inflation number planned into this year.

John Furner · CEO, Walmart U.S.

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
we don't have a large inflation number planned into this year... I'd say a normalized year, and I know this is 1% to 2%
Reported
But even at the reduced levels, the higher tariffs will result in higher prices.

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SEC filings for WMT · Claim quote is verbatim from the 2025Q4 earnings call.