Walmart says nearly $3B in tariff refunds helped keep prices low

Key Points:

• Walmart received nearly $3 billion in tariff refunds related to tariffs imposed under the International Emergency Economic Powers Act (IEEPA) and plans to use some of this benefit to keep prices low for shoppers.
• The tariff refunds significantly boosted Walmart’s quarterly earnings, contributing a 750-basis-point net benefit and helping adjusted operating income rise about 17% on a constant-currency basis.
• Walmart continued focusing on value with over 11,000 price rollbacks in U.S. stores during the quarter and saw total revenue increase 5.9%, with comparable U.S. store sales up 2.6% excluding fuel.
• The company’s digital segment showed strong growth, with global e-commerce sales rising 23%, including 24% growth at Walmart U.S. and 26% at Sam’s Club U.S., along with a 40% increase in store-fulfilled delivery and over 50% growth in marketplace net sales.
• Confident in its performance, Walmart raised its sales and operating-income growth guidance for the year, supported by stronger sales, improved business economics, and continued investments in pricing and technology.