Walmart posts weakest sales growth in over 6 years
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Walmart’s updated earnings forecast for the fiscal year also underwhelms Wall Street.
As high gas prices squeeze shoppers, the retailer says the federal refund will fund price cuts and customer experience investments.
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's stock dropped 7% as investors took in the retailer's Q2 earnings, which showed the slowest pace of growth for US sales in six years.
Walmart reported another strong performance in the second quarter Thursday, but that was overshadowed by a more cautious outlook for the year.
Walmart Inc. announced its financial results for the second quarter of fiscal year 2027 and retail analysts were not impressed, despite some impressive metrics.
Walmart shares are sliding after the nation’s largest retailer gave a disappointing forecast for the third quarter.
Walmart is expected to report its fiscal second-quarter earnings on Thursday, offering a read on the consumer and the K-shaped economy.