Dorothy

The Bentonville, Ark.-based retailer has been lowering prices after receiving a massive $2.9 billion tariff refund in an effort to win over hesitant shoppers, focusing on specific goods “where consumers were feeling pressure,” like beef, Walmart Chief Financial Officer John David Rainey said Thursday.

The Bentonville, Ark.-headquartered company reported revenue of $187.9 billion, a rise of nearly 6% from a year earlier, and marginally higher than analysts’ estimates of $186.7 billion, according to the London Stock Exchange Group.

US Stock Futures Fall as Oil, Yields Climb While Walmart Slumps US stock futures were lower ahead of the market open on Thursday as a rally in government bond sputtered, sending yields higher, and oil prices rose. Walmart Inc.’s earnings disappointed, pressuring shares of the retail giant and peers.

The report also raises a major question for the wider stock market: Is consumer spending, one of the key pillars of the economy, starting to slow down? "The slowdown in the funnel challenges the market's bull case," wrote Morgan Stanley analyst Simeon Gutman. WMT 5D mountain WMT 5-day chart Walmart CFO John David Rainey told CNBC that consumers are stretched thin, particularly as energy prices continue to climb. U.S. crude futures are up 53% this year thanks to the U.S.-Iran war.

Walmart is among the first batch of major retailers to report second-quarter results, which could offer industry analysts and economists another read on whether ongoing price pressures from the conflict in Iran have impacted consumer behavior.

That growth rate, which reflected "125 bps headwind from pharmacy deflation and brand-to-generic transfers related to maximum fair price regulation", was the slowest in more than six years. Another interesting observation: WMT is seeing less of a hit from the lack of fatties, saying that "FY27 comps reflect ~50 bps tailwind from GLP-1, vs. ~100 bps in FY25 & FY26, as script  growth was more than offset by price-mix headwinds."