Walmart CFO: Consumers choose home cooking over fast food — Convenience.org

As fast food prices continue to rise, more consumers are choosing to cook at home, which may contribute to Walmart’s increased grocery sales:

“However, the rise in upper-income customers is not the only reason for Walmart’s growth in the first quarter. During an interview with CNBC, Walmart Chief Financial Officer John David Rainey said that some of the sales growth can be attributed to customers who decided to save money by buying groceries to make meals at home instead of going to a QSR as fast-food prices increase.“

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