Higher gas prices cut into Americans’ overall spending, leading to the slowest sales growth at Walmart’s US stores since the earliest months of the pandemic.

The world’s largest employer expects to pass on tariff refunds for lower consumer prices.

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 shares fell 8% despite strong second-quarter results, with revenue rising 5.9%, e-commerce sales jumping 23% and operating income increasing 28.8%. Investors focused on…