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Walmart Draws Diners Hungry For Value

Posted on AllSides May 16th, 2024
From The Right

As the price of fast-food continues to surge, Walmart appears to be drawing value-hungry diners to its grocery aisles on the hunt for cheaper meals. On an earnings call on Thursday, Walmart Chief Financial Officer John David Rainey said some of the company's growth in the latest quarter came from customers who turned down its grocery aisles instead of going through a drive-thru. "It's roughly 4.3 times more expensive to eat out than it is to eat at home," he said, according to CNBC. "And that's benefiting our business." He...

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https://newsmax.com/newsfront/walmart-groceries-fastfood/2024/05/16/id/1165055

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