Inflation Causes Walmart to Lower Expectations for 2023
Consumers are not pulling back on spending despite rising prices on everything from groceries to pet food. That said, it does not look like businesses are through raising prices, indicating more pain ahead for households.
Walmart's (NYSE: WMT) fiscal first-quarter 2023 results revealed a resilient consumer, but also how rising inflation is biting into profit margins for the world's largest retailer. Let's look closer at Walmart's Q1 earnings.
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Source Fool.com
