Walmart shoppers are getting lower prices as the retail giant invests its $2.9 billion tariff refund.
The company said Thursday it was fulfilling the promise made in May, when it first disclosed the estimated refund amount, to direct the bulk of the money into price cuts and customer experience improvements.
“Customers are feeling some pressure, so we’re proud of our investments,” CEO John Furner said during Walmart’s second-quarter earnings call. “We’ll do everything we can to keep prices as low as we can for customers throughout the rest of the year.”
Walmart’s stock price fell roughly 9% after the quarter had the slowest US sales growth in…
