Walmart CFO addresses inflation — GroceryDive.com

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Walmart CFO John Rainey notes that food inflation may be responsible for less spending on general merchandise:

Walmart has been surprised at the resiliency of consumers in the face of high prices throughout 2023, Rainey said, adding that people have been tending to buy less general merchandise because they are spending more on food.”

How to Navigate Walmart’s Supply Chain can help you and your team get up to speed with supply chain compliance.