Walmart says it's using tariff refunds to lower prices as sales show slowest growth in 6 years

Walmart says it's planning to use $2.9 billion in tariff refunds to lower prices as it reports its slowest sales growth in six years. CBS News' Kelly O'Grady has more.

Walmart on Thursday released a quarterly earnings report indicating it received roughly $3 billion in tariff refunds from the Trump administration, revealing that it passed some of the reimbursement on to shoppers through price cuts.  Walmart said the government has returned all but about $100 million of the $2.9 billi

Walmart to cut prices using its tariff refunds. Will others follow?  USA Today

Walmart Reports Slowest Sales Growth In 6 Years, Shares Tumble  HuffPost

Walmart passed on tariff-related costs last year and is now trying to lower prices as shares fell nearly 9% after its U.S. sales growth hit a six-year low.

Walmart says it has received nearly $3 billion in tariff refunds — and used some of that windfall to cut prices for consumers strained by inflation.

Walmart reported another strong performance in the second quarter Thursday, but that was overshadowed by a more cautious outlook for the year.

In the second quarter ended July 31, US comparable sales – at stores and digital channels open for at least 12 months – rose 2.6%, the smallest increase since 2020, the company said Thursday.

Walmart reported its slowest growth in U.S. comparable sales in six years during its most recent quarter, and it offered a reserved upgraded outlook

Walmart is cautious with expectations after slowest sales growth in 6 years  AP News

Walmart has received almost $2.9 billion in federal tariff refunds. The retail chain shared the figure in Thursday’s fiscal 2027 quarter two financial results, crediting the refund with an increase in gross profit rate and operating income.  Walmart’s gross profit rate was up 96bps, while its operating income rose to $

Walmart and other big U.S. retailers have warned that consumers were being cautious, even if personal balance sheets seemed healthy.

Higher gas prices bite Walmart sales growth, but says $2.9 billion tariff refund will feed price cuts  CNN