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Stockreport

Walmart launches new grocery brand as it tries to hang on to inflation-fueled growth [MSNBC.com]

Walmart Inc. (WMT)  More Company Research Source: MSNBC.com
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
WalmartOn Tuesday, the big-box retailer said it will roll out a private label called BetterGoods, a line of more trend-and chef-driven foods. Most items will be priced at less than $5.Walmart is already the country’s largest grocer by revenue. Nearly 60% of the company’s sales in the U.S. came from its grocery business in the most recent fiscal year.Walmart’s large food business hashelped it drive store and online trafficIn the most recent fiscal year that ended in late January, Walmart’s net sales for groceries in the U.S. rose nearly 7% year over year to $264.2 billion.But Walmart, like other grocers, has seen room to grow its private label business as shoppers seek new flavors and lower prices. During the Covid-19 pandemic, some national brands’ products ran low at stores and caused customers to start buying the retailers’ own brands.Later, inflation pushed prices of food and housing higher and inspired more shoppers to try store brands, which are often cheaper. Plus, the growth of [Read more]
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Stockreport

Walmart launches new grocery brand as it tries to hang on to inflation-fueled growth [MSNBC.com]

Walmart Inc.  (WMT) 
More Company Research Source: MSNBC.com
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
WalmartOn Tuesday, the big-box retailer said it will roll out a private label called BetterGoods, a line of more trend-and chef-driven foods. Most items will be priced at less than $5.Walmart is already the country’s largest grocer by revenue. Nearly 60% of the company’s sales in the U.S. came from its grocery business in the most recent fiscal year.Walmart’s large food business hashelped it drive store and online trafficIn the most recent fiscal year that ended in late January, Walmart’s net sales for groceries in the U.S. rose nearly 7% year over year to $264.2 billion.But Walmart, like other grocers, has seen room to grow its private label business as shoppers seek new flavors and lower prices. During the Covid-19 pandemic, some national brands’ products ran low at stores and caused customers to start buying the retailers’ own brands.Later, inflation pushed prices of food and housing higher and inspired more shoppers to try store brands, which are often cheaper. Plus, the growth of [Read more]
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WMT
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LAST PRICE AT
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