High gas prices have slowed sales growth at Walmart stores in the US. This slowdown is the weakest since the early months of the pandemic. Despite this, the company earned $6.4 billion in net income over a three-month period ending July 31. A large refund of $2.9 billion from tariffs contributed to this income.

The company's online sales were strong, but sales at US stores, excluding fuel, grew only 2.6% in the quarter. This is a decrease from the 4.6% growth seen a year ago. As a result, Walmart's stock fell over 9% in early trading.

Further details on Walmart's sales and earnings are available from the source, including the impact of high gas prices on consumer spending.