Walmart pours $2.9bn tariff refund into price cuts: comps hit 6-year low

Walmart tariff refunds fund price rollbacks across US store aisles

Walmart said it received close to $2.9 billion in IEEPA tariff refunds during its fiscal second quarter and channelled the money into more than 11,000 price rollbacks. The windfall lifted operating income 28.8%, yet the shares fell about 9% as US comparable sales slowed to their weakest pace in roughly six years.