WHAT HAPPENED
8%, as tariff refunds contributed to profitability and the retailer’s eCommerce, advertising, and membership businesses continued growing substantially faster than its overall sales base. Even after adjusting for currency and other specified items, operating income increased 17. Walmart said the quarter included tariff refunds, partially offset by price investments made during the period. However, Walmart does not appear to be planning to retain the full benefit of remaining tariff recoveries. The company said its outlook reflects the continued prioritization of remaining tariff refunds toward price investments, effectively using some of those proceeds to support lower consumer prices.
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