Walmart tariff refunds update: Will customers get reimbursed directly?

Walmart has received almost $2.9 billion in federal tariff refunds. The retail chain shared the figure in Thursday’s fiscal 2027 quarter two financial results, crediting the refund with an increase in gross profit rate and operating income. Walmart’s gross profit rate was up 96bps, while its operating income rose to $9.5 billion from $7.3 billion—a 28.8% jump year over year (YOY). The company reported $187.94 billion in revenue for the quarter, beating Wall Street’s predicted $18...