Walmart Inc’s results on Tuesday will provide Wall Street with new details on what items American shoppers are buying as rising grocery prices squeeze their wallets.
Wall Street is now more focused on how Walmart, which operates more than 5,000 U.S. stores, plans to fight back against supplier price hikes to maintain its dominant position as America’s largest grocery retailer. The chain accounted for 15.72% of all food and grocery spending in the United States in 2022, according to GlobalData.
Aside from price-cuts and discounts, Walmart is also expected to use its private-label offerings to negotiate pricing with more expensive national brands. Grocery accounts for more than half of U.S. sales at Walmart as of 2021.
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