Walmart worries weight loss drugs could be a problem for food sales [NluDgSnS4]

Walmart worries weight loss drugs could be a problem for food sales [NluDgSnS4]

Walmart (WMT) cites the growing trend of weight loss drugs, such as Novo Nordisk's (NVO) Ozempic, impacting its food sales. Strategic Resource Group Managing Director Burt Flickinger states that the “significant concerns” of side effects surrounding appetite suppressants should be the focus and states that retailers like Walmart and Costco (COST) “have better prices” for products that could aid consumers in losing weight. Noting that many consumers are living paycheck to paycheck, Flickinger believes the “second half of this decade” is where the effects of these drugs might be felt by food sellers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp Connect with Yahoo Finance: Get the latest news: https://yhoo.it/2fGu5Bb Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV

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