Walmart plans to use its roughly $2.9 billion tariff refund to lower prices for consumers, having already reduced prices on about 11,000 products. Home Depot received $730 million in refunds, using $685 million to reduce the cost of goods sold and boost gross margin by 0.3 percentage points. In contrast, Lowe's stated it would not use its refund to cut prices, prioritizing shareholder profitability.