Walmart CFO Says Shoppers Remain Focused on Food, Essentials

Walmart CFO Says Shoppers Remain Focused on Food, Essentials

Walmart said shoppers are still spending about the same as they did a year or two ago, with a focus on food and essentials over discretionary purchases.

Walmart CFO Says Shoppers Remain Focused on Food, Essentials - South Florida Reporter

By Jaewon Kang Walmart Inc. said shoppers are still spending about the same as they did a year or two ago, with a focus on food and essentials over discretionary purchases. “It’s been very consistent,” Chief Financial Officer John David Rainey told reporters in a question-and-answer session at the company’s annual shareholders’ week in Bentonville, Arkansas. “Wallets are stretched. And so they’re still stretched, but the overall level of behavio…