Fuel Costs and Rising Inflation Impacting Walmart Profits

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.

Posted on May 17, 2022 by Walmart Supplier News
Walmart Supplier Blog > Fuel Costs and Rising Inflation Impacting Walmart Profits

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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