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Benzinga
Benzinga
Business
Shivani Kumaresan

Inflation Effect: Walmart To Charge Suppliers Fuel Fee

Walmart WMT NYSE Walmart Inc
  • Walmart Inc (NYSE:WMT) is planning to levy a new fee for some of its suppliers to transport goods to its warehouses and stores, Reuters reported.
  • The move, effective from August, is in response to the soaring fuel and transportation costs.
  • Walmart will charge a "collect pickup charge" which is a percentage of the cost of goods received, and a fuel surcharge based on the cost of fuel to transport the goods, the report added.
  • The retail giant had recently predicted a 1% decline in its FY23 EPS.
  • Price Action: WMT shares closed higher by 1.32% at $124.25 on Tuesday.
  • Photo Via Company
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