WALMART has confirmed customers should see price cuts and discounts nationwide this month.
The retail giant is making the money-saving move on a staggering number of items.
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CEO Doug McMillon cited the slash on costs for customers as a huge part of what’s “driving our growth,” during a recent earnings call.
“Our prices are low, and we’re becoming more convenient,” he told investors.
“Customers are shopping with us more often and buying more items, including in general merchandise, which were up low single digits in Walmart US and Sam’s US.”
“We’re mixing ourselves up, while simultaneously investing in lower prices and associate wages.”
Those investments in lower prices include rollbacks on at least 5,800 products, with 1,000 being new.
“We’re wired to help people save money and live better,” McMillon emphasized.
“Operating with an everyday low-cost culture and mindset is as important as ever.”
SHORTAGE MANAGED
Walmart CFO and vice president, John David Rainey, also noted that prices would stay low for customers despite inflating costs on some food items — including eggs.
A nationwide egg shortage due to the spread of the H5N1 strain of the bird flu virus has seen costs skyrocket at retailers to as high as $12.
“Our focus on bringing down pricing through rollbacks continues despite pockets of food inflation in areas like eggs, bacon, and ground beef,” Rainey assured.
McMillion also added that he believed the shortages would “work themselves out over time,” but an expert told The U.S. Sun recently that that period could be significantly longer than many expect.
Walmart recently limited customers to two 60-count carton purchases per trip to “help ensure customers have access to eggs.”
At the same time as cutting prices, Walmart also plans to continue growing its assortment of offerings for shoppers in 2025 in-store and online.
E-commerce is now accounting for about 18% of Walmart’s sales, according to comments on the call from CFO and executive vice president, John David Rainey.
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TARIFF TALK
President Donald Trump’s ongoing tariff war is also something Walmart is having to consider and was discussed on the earnings call.
So far, President Trump has imposed tariffs on exports from Canada, China, and Mexico.
The result could be higher costs for Walmart and its customers.
While McMillon projected confidence that the retail giant would make its way through the policies relatively unscathed, he admitted that the company still “can’t predict what will happen in the future.”
“As we’ve been saying, tariffs are something we’ve managed for many years, and we’ll just continue to manage that,” he said.
“We’ve got a great team. We know how to do that.”
Rainey also said he “feels good about our ability to navigate the environment, whether it’s tariffs or other macro uncertainty.”
Walmart has also come under fire from customers over several issues recently.
Someone claimed they were left without a vital item due to a “new” service from the retailer.
Others raged over a “traffic jam” at self-checkout lanes because of a crucial policy.
