By June, shoppers at the budget-friendly retailer may start to see higher prices on the shelves for these goods.

Walmart has warned that it will raise prices on food, electronics and toys later this month, citing increased costs from tariffs. CEO Doug McMillon commented on the price hikes on an earnings call on Thursday.

Walmart Inc. plans to cut around 1,500 jobs, the Wall Street Journal reported on Wednesday, as the big-box chain tries to manage costs and accelerate decision-making amid broader efforts by retailers and consumers to navigate inflation and tariffs.