Walmart CEO predicts grocery inflation will continue in early 2025

Quick Summary:

The retailer also aims to grow sign-ups for Walmart+ after initially downplaying the membership program, Doug McMillon said at a Morgan Stanley event.

Eggs and milk prices will adjust faster than those for dry grocery, McMillon added.

McMillon said he is “disappointed” at where food inflation currently sits, highlighting that eggs and dairy are the main drivers.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Catherine Douglas Moran

Category: EconomyBusiness

Markets: United States

Topics: Mcmillon Price Walmart’s Inflation Walmart Consumer Food Membership Prices Retailer Walmart+

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 10:13:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 696 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 24143571

View Article Analysis

About Retail Dive

Main Topics: EconomyBusiness

Official Website: retaildive.com

Year Established: 2012

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #56

Publisher Details

Frequently Asked Questions