Walmart US CEO says retail giant is doing 'everything' it can to keep prices lower

Published On Oct 15, 2024, 6:00 AM

Walmart's U.S. CEO, John Furner, emphasized the company’s commitment to keeping prices low amid inflation concerns and supply chain challenges. He stated that Walmart is implementing internal measures to avoid passing costs to consumers and is actively working on pricing holiday meals affordably. Despite some increases in food prices, Furner indicated that Walmart is prepared for strong consumer demand this coming holiday season and is likely to report positive earnings soon.

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Positive

Given Walmart's strategic focus on maintaining low prices and its internal cost management initiatives, coupled with expected strong demand heading into the holiday season, the company's earnings outlook appears positive.

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