Walmart (WMT.US) Chief Financial Officer John David Rainey stated on Friday that consumer spending remains roughly the same as one or two years ago, primarily focused on food and necessities rather than non-essentials.
He mentioned that consumers are feeling the pinch, but overall behavior levels have not changed much compared to last year.
Walmart warned last month that it would raise prices on certain goods, but U.S. President Trump criticized Walmart, stating that the company should bear the tariffs instead of passing the costs onto consumers

Walmart Chief Financial Officer John David Rainey stated that consumer spending is primarily focused on food and necessities, similar to one or two years ago. Despite consumers facing financial pressure, overall spending behavior has not changed significantly. Walmart warned last month that it would raise prices on certain products, which was criticized by U.S. President Trump, who believed the company should absorb the tariffs rather than pass the costs onto consumers

Walmart CFO: Consumers are still focused on purchasing food and essentials, similar to last year