Walmart (WMT) CEO says it is encouraging to see general merchandise inflation coming down but that is where we will continue to offer rollbacks; still some inflation that is very stubborn
- Shoppers switching to private label brands for 2-3 quarters.
- Dry grocery inflation is over 20% over two years.
- Shrink is up a bit this year and up a bit last year.
- Profit growth will inflect more next year.
02 Jun 2023 - 18:46- Equities- Source: Newswires
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