Fuel prices above $4 per gallon impact consumer behaviour, driving spending trade-offs and slowing Walmart's growth.

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

Walmart posted solid sales and profits in the latest quarter, helped by online spending and a massive $2.9 billion tariff refund, the largest yet reported.

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…

By Nora Redmond and Bill Peters