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Walmart Cuts Prices on 11,000 Items Using $2.9B Tariff Refunds

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Sig3.32Sen+3.62Env0.00Soc+2.54Gov-0.18

Walmart rolled back prices on about 11,000 items, including ground beef, using roughly $2.9 billion in tariff refunds. CFO John David Rainey said shoppers started making visible spending trade-offs in June as gas topped $4 a gallon. A test cutting the Halo Glow Skin Tint price by $4 lifted unit sales by nearly 40%, while quarterly net sales rose 36% to $479.4 million.

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