Walmart Inc. reported increases in second-quarter profits and sales Thursday as it pulls in shoppers seeking low prices for groceries and other essentials to offset worries that new U.S. tariffs may make a variety of goods more expensive.

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 env

Sales at Walmart’s US stores rose nearly 5 percent in its most recent quarter, a better-than-expected result that suggests shoppers squeezed by inflation and wary of economic uncertainty continue to flock to the retailer for staples and other goods,

The Bentonville, Ark.-based firm posted adjusted earnings per share of $0.68, below the $0.73 expectation of analysts surveyed by Visible Alpha. Revenue increased nearly 5% year-over-year to $177.40 billion, ahead of the $175.97 billion consensus.

The $100 level acted as support earlier in August. But since February, $100 has been a pretty strong resistance level. Now that WMT stock is below it once more, it is a worrying sign. Shares of Walmart rarely go on sale unless the market perceives a macro shock.