{
  "id": 2138201,
  "title": "Walmart tariff refunds update: Will customers get reimbursed directly?",
  "url": "https://urgent.news/2026/08/20/walmart-tariff-refunds-update-will-customers-get-reimbursed-directly",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T12:43:00.000Z",
  "source": {
    "name": "Fast Company",
    "slug": "fast-company",
    "url": "https://www.fastcompany.com/91592915/walmart-tariff-refunds-update-can-i-get-reimbursed-directly"
  },
  "original_language": "en",
  "account": "Walmart has received nearly $2.9 billion in federal tariff refunds, which has contributed to an increase in its gross profit rate and operating income. The retailer's fiscal 2027 quarter two financial results showed a gross profit rate of 96 basis points higher and operating income of $9.5 billion, up 28.8% from the previous year. Walmart's revenue for the quarter reached $187.94 billion, surpassing analysts' predictions of $186.77 billion. The company's e-commerce sales also grew by 23%.\n\nPresident and CEO John Furner noted that the company continues to make progress on long-term value drivers, including a significant rise in eCommerce sales. The Supreme Court decision deemed the so-called Liberation Day tariffs, implemented by President Trump, illegal, leading to the issuance of tariff refunds to retailers. Target has received about $1 billion in refunds, while Walmart has received almost $2.9 billion. The company's guidance for the third quarter indicates a 2% to 4% increase in operating income and a 3% to 3.75% rise in net sales.\n\nWalmart plans to use the refunds to bolster customer experience and price investments in the second half of the year. However, Walmart's shares dropped by around 6% in premarket trading on Thursday, with same-store sales falling short of Wall Street's expectations. The same-store sales growth was 2.6%, compared to the 3.8% consensus estimate.",
  "summary": "Walmart has received almost $2.9 billion in federal tariff refunds. The retail chain shared the figure in Thursday’s fiscal 2027 quarter two financial results , crediting the refund with an increase in gross profit rate and operating income. Walmart’s gross profit rate was up 96bps, while its operating income rose to $9.5 billion from $7.3 billion—a 28.8% jump year-over-year (YOY). The company…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}