Customers Are Flocking to Walmart, but Will It Result in Big Profits?
Surging grocery prices have a lot of consumers shopping more at Walmart (NYSE: WMT) to take advantage of its low prices.
But inflation is also pressuring everyone to become more mindful of what they purchase at the big-box store. Some may forego big purchases in order to ensure they have enough room in the budget to put food on the table. And Walmart makes a lot more money on discretionary items like toys and electronics than it does on weekly grocery runs.
The challenge for Walmart is to translate its expanding customer base into expanding profits. Let's see what this could mean for investors.
Source Fool.com
