PremiumWalmart Remains Discount Juggernaut In Price War Among Supermarkets
This article is so good
it's for premium members only.
Does that sound like you?
PREMIUM
ONLY $30/MONTH
BILLED ANNUALLY OR $35 MONTHLY
All BASIC features, plus:
- Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
- Access to our Private X Account, The Market Ear analysis, and Newsquawk
- Ad-Free Experience: Enjoy an uninterrupted browsing experience.
PROFESSIONAL
ONLY $125/MONTH
BILLED ANNUALLY OR $150 MONTHLY
All PREMIUM features, plus:
- Research Catalog: Access to our constantly updated research database, via a private Dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)
Cash-strapped consumers are increasingly turning to Walmart for the best grocery deals. Even wealthier consumers are trading down from Whole Foods and other upscale supermarkets to Walmart as the inflationary pressures of former President Biden's failed 'Bidenomics' continue to wreak financial havoc on low- and middle-income households.
A new price survey of 38 SKUs in dairy, frozen goods, dry grocery, HPC, and produce categories across Kroger, Albertsons (under Randalls), Walmart, Sprouts Farmers Market, Whole Foods, and Dollar General found that Walmart "continued to have the lowest prices."
Goldman's Leah Jordan, Kate McShane, and Eli Thompson conducted the survey on Jan. 15 and found Walmart had the lowest prices at -11.0% vs. the group average (narrowed from -11.2% last month). Dollar General followed this at -3.6% (vs -5.6% last month). Whole Foods had the highest prices at +10.2%, followed by Sprouts.