Walmart Warns It May Have To Raise Prices Due To Fuel Costs

Higher fuel prices due to the war with Iran are putting pressure on Walmart’s customers and supply chain, and could lead to higher price tags on the shelf.

Consumers may face higher retail prices in the coming months due to higher-than-planned fuel costs in global distribution and fulfillment operations and the rising cost of food manufacturing, CFO John David Rainey warned on a call with investors Thursday morning.

This comes as higher fuel prices are already putting pressure on household budgets, Rainey also said. One example of how customers are already responding to the higher fuel prices is that the average number of gallons customers filled up with at the company’s gas stations fell below 10 for the first time since 2022, according to Rainey. “That’s an indication of stress,” he said.

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