Walmart tariff refunds update: Will customers get reimbursed directly?

Walmart received nearly $2.9 billion in federal tariff refunds, contributing to a gross profit rate increase of 96bps. In its fiscal 2027 quarter two results, operating income rose 28.8% YOY to $9.5 billion. Revenue reached $187.94 billion, exceeding Wall Street estimates of $186.77 billion, while e-commerce sales grew by 23%. CNN reported that the company achieved solid sales and profits for the quarter ending July 31, 2026, reflecting steady progress on long-term value goals.