Walmart's sales growth in the latest quarter reached its lowest level in over six years, with a 2.6% increase at comparable stores, excluding fuel. The company attributed this slowdown to high gas prices and a decline in pharmacy sales, which have impacted consumer spending habits, particularly among lower-income households.
To counteract these challenges, Walmart plans to utilize up to $3 billion from tariff refunds to reduce prices and maintain customer engagement. While price cuts have boosted transactions in essential categories, analysts remain cautious about the sustainability of this growth amid ongoing economic pressures.