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Walmart is reporting an increase in sales as shoppers have reportedly been buying more groceries due to rising fast food prices from inflation.Thursday, Walmart Chief Financial Officer John David Rainey said the megastore chain saw an uptick in sales this past quarter as more and more customers have traded out fast food for groceries.
Some customers feel that grocery store items have grown cheaper while fast food has grown more expensive. Due to the uptick in sales, Walmart’s stock saw an “all-time high Thursday, after itand revenue expectations, and said it expected its full-year results to be on the high end of, or better than, its previous forecast,” according to CNBC.
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