Walmart Says Pullback In Gas Buying Shows Consumer Stress -- Market Talk
Dow Jones
1 hour ago
1006 ET - Walmart CFO John David Rainey says on an analyst call that customers are buying less gas. "We see that in the most recent period, the number of gallons that customers fill up with when they come to our fuel stations fell below 10 for the first time since 2022. That's an indication of stress," he says. The strength of the consumer splits along income lines with high-income consumers still spending with confidence and the lower-income consumer "more budget conscious and perhaps navigating financial distress," Rainey says. (nicholas.miller@wsj.com)
(END) Dow Jones Newswires
May 21, 2026 10:06 ET (14:06 GMT)
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