The US retail industry barometer Walmart is about to announce its quarterly report, with its stock price up about 7% so far this year.

American retail giant Walmart will release its quarterly earnings report before the US stock market opens on Thursday, when investors and economists will use it to assess the strength of American consumers' purchasing power and the impact of higher tariffs on the US retail industry. Analysts expect earnings per share of 58 cents and revenue of $165.88 billion for the first quarter. Morgan Stanley retail analyst Simeon Gutman said that Walmart and other retailers are expected to take advantage of the tariff delay to stock up on key back-to-school and holiday season items.