Walmart said it is fulfilling its May promise to direct the bulk of tariff refunds toward improving the value it offers to customers.

The retailer posted 5.9% revenue growth and raised its adjusted EPS guidance for the year to $2.80–$2.87, up from $2.75–$2.85

Walmart posted strong sales and profits in the latest quarter helped by a massive $2.9 billion in tariff refunds.