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RSS FeedsWalmart shares slide as inflation hits profits
(FOX News Business)


17 may 2022 17:58:08

Walmart shares slide as inflation hits profits
(FOX News Business)

Walmart attributed the profit miss to higher wage expenses as declining omicron cases led to overstaffing, higher inventory and higher costs for shipping, storage, food and fuel due to inflation, which is currently running near a 40-year-high.

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