Walmart executives spent Wednesday (WMT) updating shareholders at the retailer's annual meeting. The company highlighted its push into automation as well as how inflation is changing consumer buying habits.
Speaking with Yahoo Finance's Seana Smith, CFRA Analyst Arun Sundaram says that while the company focusing on growing profitability, labor costs will remain a pressure point through the end of 2023.
KEY VIDEO MOMENTS
0:13 Walmart increasing wages
0:43 Wage pressure lower compared to last few years
1:07 Walmart becoming an 'omnichannel retailer'
1:53 Alternative profit streams
