Walmart CEO Doug McMillon said on a conference call that inflation took a toll on Walmart's top and bottom line, with fuel, container, storage and other costs spiking.
Walmart CEO Doug McMillon said on a conference call that inflation took a toll on Walmart's top and bottom line — with fuel, container, storage and other costs spiking. At the same time, customers pulled back spending on high-margin general merchandise to compensate for rising food prices.
Read the entire article, by Ben Unglesbee, here:
Walmart's profits take a hit as fuel spikes and consumers react to inflation
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