NEW YORK (AP) — Walmart Inc. reported increases in second-quarter profits and sales Thursday as it continues to pull in price-sensitive shoppers for everyday essentials like groceries despite a challenging tariff environment.

Walmart, Target, Home Depot and Lowe’s earnings reveal how tariffs are raising costs, reshaping pricing and pressuring profits in 2025.

After mixed reports from retail rivals, Walmart reported better-than-expected quarterly results and raised its sales forecast for the year.

Walmart has minimized price increases by absorbing much of the cost of tariffs. 🚚 Amazon has improved its delivery network, helping get packages to customers faster and more cheaply. 🤝 T.J. Maxx own

Consumer spending has largely stayed strong so far and the pinch from higher duties hasn't been as severe as some companies had feared.

Walmart Inc. powered through an uncertain economic environment and tariff concerns and delivered solid second-quarter financial results that showed it keeps pulling in shoppers and outpacing peers like Target.

Walmart increases discounts with more than 7,400 rollbacks and 30% more grocery discounts in the second quarter, driving 4.6% same-store sales growth amid economic uncertainty.