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In October of 2023, when Walmart CEO told Bloomberg [0] that ozempic was partially responsible for sales declining, other shares including Coca-Cola [1] started
by jijji 2y ago
In October of 2023, when Walmart CEO told Bloomberg [0] that ozempic was partially responsible for sales declining, other shares including Coca-Cola [1] started to fall as well....
[0] https://web.archive.org/web/20231006122607/https://www.bnnbloomberg.ca/ozempic-is-causing-slight-pullback-by-shoppers-walmart-says-1.1980348 https://web.archive.org/web/20231006122607/https://www.bnnbl...
[1] https://www.marketwatch.com/story/coca-cola-and-pepsicos-stocks-fall-after-walmart-says-weight-loss-drugs-have-customers-cutting-back-on-calories-d820ed74 https://www.marketwatch.com/story/coca-cola-and-pepsicos-sto...
- glp1guide 2y agoI think this is the appropriate response — it’s clear that lack of appetite control is driving purchases a nontrivial amount of the time for junk foods — companies that depend on that revenue have never really had a challenge until now