Marley Jay is a business news reporter for NBC News Digital.
Walmart says people who get weight loss drugs like Wegovy at its pharmacies are buying a bit less food at its stores. Walmart's U.S. CEO, John Furner, told Bloomberg News that the company is seeing signs that people taking GLP-1 agonist appetite suppressant medications are buying 'less units, slightly less calories.
Doug McMillon, CEO of Walmart, Inc., said in August that the growing popularity of the drugs was helping its sales. According to Trilliant Health, prescriptions of those medications quadrupled from late 2020 to 2022, with 9 million prescriptions filled in the last three months of last year. Walmart previously recorded stronger grocery sales when high inflation was driving wealthier shoppers to its stores. In summer 2022, after inflation had topped out at 9.
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