‘Fighting inflation is in our DNA’: Walmart says its pricing and inventory can deliver for the holidays Walmart Inc. says it is prepared to overcome widespread COVID-related challenges this holiday season thanks to its long history dealing with similar problems and some new tools that are keeping its systems running smoothly.
Walmart WMT, -2.55% reported third-quarter earnings and revenue that beat Street estimates on Tuesday, and raised its full-year profit guidance. And while supply chain bottlenecks have delayed the movement of goods around the world, Walmart says its U.S. inventory is up 11.5% ahead of the holidays.
“Fighting inflation is in our DNA,” said Doug McMillon, chief executive of Walmart, on the earnings call, according to a FactSet transcript.
“Walmart has served customers across economic cycles for more than 50 years.”
McMillon highlighted Walmart’s efforts to maintain speedy delivery, and its broader initiatives, like Walmart GoLocal, the “delivery-as-a-service” business that counts Home Depot Inc. HD, +5.73% as a partner.
Walmart was among the large retailers like included Home Depot, Target Corp. TGT, +1.12% and others that chartered their own ships to transport merchandise as bottlenecks snarled traffic at ports and elsewhere in the supply chain.......
https://www.marketwatch.com/story/fighting-inflation-is-in-our-dna-walmart-says-its-pricing-and-inventory-can-deliver-for-the-holidays-11637092794?mod=home-page
