Feed - Blockonomi.Com
4h ago
Walmart shares sink more than 9% after 2.6% U.S. comparable-sales gain despite $2.9 billion tariff refunds
Walmart reported U.S. comparable store sales growth of just 2.6%, its weakest performance in nearly six years, even as it received $2.9 billion in tariff refunds and posted quarterly net income of $6.4 billion. Rising fuel costs are squeezing household budgets and weighing on consumer spending. The retailer carried out 11,000 temporary price reductions in the second quarter as shopping conditions softened.