The retail giant has deliberately kept prices down on everyday necessities amidst tight household budgets, with U.S. gasoline prices exceeding $4 a gallon and inflation remaining stubbornly high

The nation’s largest private employer reported positive quarterly results, but higher fuel prices have taken a bite out of its profits.

Walmart posted 7.3% quarterly revenue growth to $164B but warned of rising consumer strain from fuel costs and inflation, a key macro signal for crypto markets.