The company's CFO said customers across incomes are looking for cheaper meals.
Walmart Chief Financial Officer John David Rainey said the high price of fast food has drawn more shoppers to its grocery aisles.
As customers see some grocery items stay the same price or even become cheaper, the gap between buying menu items and cooking food at home has grown even wider, he said.and revenue expectations and said it expected its full-year results to be on the high end of, or better than, its previous forecast. Transactions in the U.S. rose 3.8%, as more customers visited its stores and website.. Foot traffic to limited-service chains, which includes fast-food and fast-casual restaurants, fell 3.
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