Walmart has announced plans to use a significant portion of its tariff refunds to support lower prices for shoppers. The company received nearly $2.9 billion in refunds, which also boosted quarterly operating income.

The refunds will be utilized to keep prices low, although the exact amount allocated for this purpose is not specified.

Further details on Walmart's plans and the impact of the tariff refunds can be found through the company's announcements, providing more insight into their strategy and financials.