Walmart Executives Predict How Long ‘Stubborn’ Food Inflation Will Last
View Source | February 22, 2023 1:56 pm
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- An analyst asked Walmart U.S. CEO John Furner and Walmart CEO Douglas McMillon during the grocery behemoth’s fourth-quarter earnings call whether the company expects food inflation trends to worsen or improve relative to other product categories.
- Furner remarked that food inflation “has been the most stubborn” driver of elevated price levels and noted that only “a little bit” has declined in the past several months.
- “We would have hoped and expected it to have come back more than it has going into this year,” he responded.
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