Walmart Sales Growth Slows

Walmart's sales growth slowed to its slowest pace in six years, driven by high gas prices and weaker pharmacy sales.

Comparable site sales rose 2.6% between May and July, excluding fuel, according to the company.

The rise in prices was attributed to rising fuel costs, which pushed Walmart's growth to its slowest pace since 2017.

Walmart's sales growth slowed to its slowest pace in six years, driven by high gas prices and weaker pharmacy sales.

Comparable site sales rose 2.6% between May and July, excluding fuel, according to the company.

The rise in prices was attributed to rising fuel costs, which pushed Walmart's growth to its slowest pace since 2017.

Analysts questioned whether Walmart's income could continue to grow despite flagging sales, pointing to businesses such as membership and advertising.

Chief financial officer John David Rainey said those lower prices were already lifting transactions and unit sales, especially in food and other staples like toys.

Rising petrol prices were leaving shoppers with less spare cash, saying the shift in behaviour became clear once fuel went above $4 a gallon.

Price moves in June made the impact obvious, he added, with lower-income customers pulling back and focusing spending on essentials.

Walmart said it would use up to $3bn of expected tariff refunds to lower prices in a bid to keep customers spending.

The rebate stems from duties the retailer paid after President Trump imposed a wave of tariffs on imported goods last year. Retailers are receiving refunds from central government after those tariffs were ruled unlawful.

Rival retailer Target recently said it had received $1bn in rebates, boosting its profits.

Walmart has leaned heavily on price cuts to retain customers, launching 11,000 of its so-called

Walmart's sales growth slowed to its slowest pace in six years, driven by high gas prices and weaker pharmacy sales.

Comparable site sales rose 2.6% between May and July, excluding fuel, according to the company.

The rise in prices was attributed to rising fuel costs, which pushed Walmart's growth to its slowest pace since 2017.

Analysts questioned whether Walmart's income could continue to grow despite flagging sales, pointing to businesses such as membership and advertising.

Chief financial officer John David Rainey said those lower prices were already lifting transactions and unit sales, especially in food and other staples like toys.

Rising petrol prices were leaving shoppers with less spare cash, saying the shift in behaviour became clear once fuel went above $4 a gallon.

Price moves in June made the impact obvious, he added, with lower-income customers pulling back and focusing spending on essentials.

Walmart said it would use up to $3bn of expected tariff refunds to lower prices in a bid to keep customers spending.

The rebate stems from duties the retailer paid after President Trump imposed a wave of tariffs on imported goods last year. Retailers are receiving refunds from central government after those tariffs were ruled unlawful.

Rival retailer Target recently said it had received $1bn in rebates, boosting its profits.

Walmart has leaned heavily on price cuts to retain customers, launching 11,000 of its so-called 'rollbacks' across categories.

Analysts also questioned whether Walmart's income could continue to grow despite flagging sales. Executives said they believed it could, pointing to businesses such as membership and advertising.

Existing article:

• Walmart's sales growth slowed to its slowest pace in six years, driven by high gas prices and weaker pharmacy sales.

Walmart's sales growth slowed to its slowest pace in six years, driven by high gas prices and weaker pharmacy sales.

Comparable site sales rose 2.6% between May and July, excluding fuel, according to the company.

Rising petrol prices were leaving shoppers with less spare cash, saying the shift in behaviour became clear once fuel went above $4 a gallon.

Analysts questioned whether Walmart's income could continue to grow despite flagging sales, pointing to businesses such as membership and advertising.

Chief financial officer John David Rainey said those lower prices were already lifting transactions and unit sales, especially in food and other staples like toys.

Rising petrol prices were leaving shoppers with less spare cash, saying the shift in behaviour became clear once fuel went above $4 a gallon.

Walmart said it would use up to $3bn of expected tariff refunds to lower prices in a bid to keep customers spending.

The rebate stems from duties the retailer paid after President Trump imposed a wave of tariffs on imported goods last year. Retailers are receiving refunds from central government after those tariffs were ruled unlawful.

Rival retailer Target recently said it had received $1bn in rebates, boosting its profits.

Analysts also questioned whether Walmart's income could continue to grow despite flagging sales. Executives said they believed it could, pointing to businesses such as membership and advertising.

Existing article: Walmart's sales growth slowed to its slowest pace in six years, driven by high gas prices and weaker pharmacy sales.