Walmart reveals how it is going to use the nearly $3 billion it got in tariff refunds

Walmart (WMT) reported Q2 revenue of $187.9B (+5.9% YoY) and EPS of $0.81 (+19.1% YoY), beating estimates. However, shares fell as U.S. same-store sales rose only 2.6% vs. 3.5% expected, due to pharmacy weakness and cautious consumer spending. Despite this, e-commerce and advertising sales grew 23% and 38%, respectively, and the company raised its full-year outlook. Analysts maintain a 'Strong Buy' rating with a $140 mean price target.

Walmart's shares dropped 9% after reporting mixed Q2 results. Net income was $6.4B, adjusted earnings $0.81/share (vs. $0.74 forecast), and revenue rose 5.9% to $187.9B. However, U.S. same-store sales growth missed expectations at 2.6%, the lowest since early 2020. Analysts cite softer consumer spending, high gas prices, and lower pharmacy revenue. Walmart received $2.9B in tariff refunds, which it used to cut prices on 11,000 items. The company raised its full-year forecast, but analysts warn o

Walmart reported its slowest U.S. sales growth in over six years, with a 2.6% increase in comparable sales for the latest quarter. The company attributed this to higher gas prices due to the Iran war, which pressured household budgets. Walmart's stock fell over 9% on the news, its steepest one-day decline since 2022. Despite the slowdown, Walmart raised its full-year sales and profit outlook. Other retailers, including Lowe’s and Home Depot, also noted consumer caution due to economic uncertaint

U.S. markets declined as Iran sanctions and elevated gasoline prices impacted consumer spending. Walmart's shares fell 9.2% after reporting slow sales growth and warning of higher fuel costs. The Dow Jones dropped 1.32%, the S&P 500 lost 0.87%, and the Nasdaq fell 1%. The 30-year U.S. Treasury yield hit 5.25%, its highest since 2007, signaling investor concern. Bitcoin briefly surged 11.5% before yields rebounded. Fed minutes showed dissent over rate hikes, with inflation and borrowing costs as

Wall Street fell sharply, with the Dow dropping 703 points, as Walmart reported its slowest sales growth in six years, causing its shares to plunge 10%. John Deere shares rose 9% after raising its 2026 profit outlook, driven by strong construction sales. Starbucks is relocating corporate jobs to Nashville, investing $100 million in a new office.

Walmart plans to use a $2.9 billion tariff refund to lower prices on groceries, general merchandise, and apparel. The company reported mixed Q2 results, with net income of $6.4 billion but a 2.6% slowdown in U.S. store sales. Walmart's stock has fallen 20% since May. The refunds stem from illegal tariffs imposed in 2025, ruled unconstitutional by the U.S. Supreme Court.