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Walmart Earnings Are Dented by Food Inflation, Staffing Costs

Walmart Earnings Are Dented by Food Inflation, Staffing Costs

Walmart like many of the families that shop in its stores, is getting squeezed by higher food prices and other rising costs.

The country’s largest retailer by revenue said sales increased in the most recent quarter, but higher product, supply-chain and employee costs ate into profits, sending the retailer’s stock sharply lower Tuesday.

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