FILE-The front of a Walmart store is seen in Chicago, Illinois, United States, on August 3, 2026. (Photo by Marcin Golba/NurPhoto via Getty Images)
\n\nWalmart has received nearly $3 billion in tariff refunds and says it will use some of the benefit to help keep prices low for shoppers, while the windfall also gave quarterly profit growth a significant boost.The company said it "prioritized investment in price" after receiving refunds tied to tariffs imposed under the International Emergency Economic Powers Act, or IEEPA.
\n\nThe refunds came as Walmart continued leaning into its value proposition. The retailer pointed to more than 11,000 price rollbacks across its U.S. stores during the quarter.
\n\n"We’re investing in prices because customers are looking to us for value," the company said in an earnings release.
\n\nWALMART E-COMMERCE SALES SURGE AS CEO TOUTS ‘PRICE, SPEED AND CONVENIENCE’The tariff refunds also provided a substantial boost to Walmart’s quarterly earnings. Adjusted operating income rose roughly 17% on a constant-currency basis, with the refunds contributing a 750-basis-point net benefit.
\n\nExcluding that benefit, Walmart said underlying operating income growth still reached the top end of its previous 7% to 10% second-quarter guidance.
\n\nSales also continued to rise. Total revenue increased 5.9%…
Original source: https://www.livenowfox.com/money
