Walmart CFO Says Inflation Could Rise If Fuel Costs Remain Elevated -- Market Talk
Dow Jones
Yesterday
1001 ET - Higher fuel prices are imposing significant costs on Walmart and the company's chief financial officer says that retail price inflation could rise for the rest of the year if those costs remain elevated. "These are real impacts to cost of goods sold for us and our suppliers," says John David Rainey. In 1Q, the company absorbed $175 million, or about 250 basis points of operating income growth, from higher than expected fuel costs. The inflation could particularly impact food categories, which are heavily dependent on fertilizer supply that is being hurt by the closure of the Strait of Hormuz, Rainey says. (nicholas.miller@wsj.com)
(END) Dow Jones Newswires
May 21, 2026 10:01 ET (14:01 GMT)
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