(Reuters) – Walmart (NYSE:) Inc mentioned on Monday it might provide Easter meals and bundles at inexpensive costs, a transfer geared toward drawing extra clients to its shops at a time when egg costs have surged and customers are retaining a decent grip on their wallets.
The worth of eggs, a staple of Easter baskets, has been close to a report excessive for months as outbreaks of avian flu have killed greater than 58 million yard and industrial chickens and turkeys since February 2022.
Walmart mentioned on Monday it might hold the costs of its Easter necessities according to 2022 and provide the Easter meal and basket combo for lower than $100, each on-line and in shops.
This yr, Walmart’s Easter meals and baskets will embrace staples like ham, inexperienced beans and cherry pies, together with ornamental grass, Hershey’s Milk Chocolate Bunnies and Reese’s Eggs.
Growing costs of meat, fish and eggs, in addition to increased costs of cereals and bakery items, have meant the common value of meals for households rose by 11.3% in January, knowledge from the Labor Division confirmed.
Walmart, the world’s largest retailer, struck a cautious observe in its financial outlook for 2023 final month because it forecast full-year earnings beneath estimates, and warned that tight spending by buyers might strain revenue margins.
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