Walmart CFO Says Deflation In General Merchandise Is In 5%-6% Range Today; For Food It Is Flat To Up Slightly
Portfolio Pulse from Benzinga Newsdesk
Walmart's CFO reported at the Morgan Stanley Conference that deflation in general merchandise is currently in the 5%-6% range, while food prices are flat to slightly up.

December 06, 2023 | 6:04 pm
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Walmart's CFO indicates deflation in general merchandise and stable to slightly increasing food prices, which could affect profit margins and revenue.
Deflation in general merchandise could lead to lower revenue from these items, but stable to slightly rising food prices may offset this impact. The overall effect on Walmart's stock price is likely to be neutral in the short term as the market digests the mixed implications on revenue and margins.
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IMPORTANCE 70
RELEVANCE 80