Walmart will report fiscal second-quarter earnings before the bell on Thursday. The largest U.S. retailer warned in May that it would have to raise prices because of President Trump's higher tariffs on imports from other countries.

Sales at Walmart’s US stores rose nearly 5 percent in its most recent quarter, a better-than-expected result that suggests shoppers squeezed by inflation and wary of economic uncertainty continue to flock to the retailer for staples and other goods,

For Walmart, Target and Tapestry-owned Coach, importing goods early and having merchandise in warehouses before tariffs took effect have helped them curb the hit from higher rates.