For the full-year, Walmart forecast net sales to rise 5.5%, above its previous forecast of a 4.5% increase.
Walmart also said it was better prepared on the inventory front with many of the challenges it faced earlier this year "cleared out." The company's inventories were up 13% at $65 billion on a value basis, which CFO Rainey said was 70% inflation driven, but on a unit basis was "much lower." The continued rise in food prices meant that Americans are trading down from higher quality proteins to beans, hotdogs, peanut butter and store-label brands, he added.
If you shop at Walmart,China thanks you
Imagine that. The “demand for groceries” still holds up. What the hell are people supposed to do?
The country is flush with money. Remember? Trump handed out 6 trillion bucks just recently.
“demand for groceries holds up despite higher prices” - no sh*t reuters. It’s almost as if people need food to survive. Great reporting clowns.
I have been a Walmart+ customer for awhile & now look elsewhere for my groceries.
They are price gouging & need to be investigated. When grocery item prices are raising .25 cents on a product that as .50 cents that is a 50% increase. This is an example and also true. Other items increased .50 to $1.00 on just about every grocery item they sale.
Correct Headline: People still need to eat
Boycott WalMart and all of the other box stores this Christmas… buy local, support small businesses and artists in your community…
'people still need food to live' and other cutting-edge news from