Walmart warns of higher prices, shares fall

Shares of retail giant Walmart WMT.N down as much as 5.1% at $91.89 in early trade

Co says it will have to start raising prices later this month due to high cost of tariffs

U.S. shoppers will start to see prices rise at the end of May and certainly in June, CFO John David Rainey said in a CNBC interview

"We will do our best to keep our prices as low as possible, but given the magnitude of the tariffs, even at the reduced levels announced this week, we aren't able to absorb all the pressure given the reality of narrow retail margins,"- CEO Doug McMillon

WMT refrains from Q2 profit outlook; maintains annual sales and profit forecast, but forecasts Q2 consolidated net sales to rise above expectations

Co slightly misses Q1 net sales estimates, while U.S. comparable sales and adjusted EPS beat expectations, according to data compiled by LSEG

Including session moves, stock has risen ~3% YTD