Walmart says U.S. consumers are under pressure from rising costs

Image for article Walmart says U.S. consumers are under pressure from rising costs
News Source : NBC News

News Summary

  • Walmart says it absorbed $175 million in higher-than-planned fuel costs over the quarter.
  • The company lost more than $75 billion in market value because of the sell-off and fell out of the $1 trillion club.
  • Regular gas averaged $4.56 per gallon nationwide Thursday, far higher than the $2.98 average right before the war.
  • Kroger is considering major price cuts to lure back customers who may have decamped to discount retailers for groceries, Bloomberg reports.
U.S. consumers are struggling with rising costs and many are heading to Walmart. Subscribe to read this story adfree Get unlimited access to adfree articles and exclusive content.

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