EconomyWalmart sales fall as US consumers pull back spending

Walmart’s US same-store sales grew 2.6 percent in the second quarter, below analysts’ 3.8 percent forecast and the slowest quarterly increase in six years. The retailer blamed petrol prices above $4 a gallon for prompting spending trade-offs, while tariffs and tensions with Iran also weigh on consumers. Walmart expects $2bn in additional fuel-related costs, though it raised its net sales growth forecast and reported a 24 percent rise in US e-commerce sales.

Walmartconsumer spendingfuel pricesUS economy

AAl Jazeera★★★☆☆2026-08-20 19:18Original