Walmart hikes full-year outlook, says it will use huge tariff refund to keep prices low
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Walmart hikes full-year outlook, says it will use huge tariff refund to keep prices low
Walmart beat Wall Street expectations for its second fiscal quarter sales and hiked its full-year outlook. CFO John David Rainey told CNBC the retailer was eligible to get $2.9 billion in tariff refunds and has just under $100 million yet to receive. He said Walmart plans to use those refunds to lower prices.
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