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HomeFinanceWalmart Blames Ozempic For Profit Loss In Their Grocery Department

Walmart Blames Ozempic For Profit Loss In Their Grocery Department

The controversial drug originally developed for diabetics, now used for weight loss called “Ozempic,” is being blamed for profit loss at grocery stores. Walmart says they noticed a pattern with people who take the so-called “miracle drug.” The retail giant discovered that people on the drug purchased fewer food products. This would make sense due to Ozempic (and Wegovy) being an appetite suppressant. Walmart may know this information due to the loyalty program that tracks what its customers are purchasing.

Ozempic is also in the news due to a recent study that says pancreatitis and “stomach paralysis” are two well-known side effects of the drug. Doctors say these side effects are not only “inconvenient,” but they are also potentially deadly.

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SOURCES:

Ozempic Is Making People Buy Less Food, Walmart Says – Bloomberg

Coca-Cola and PepsiCo’s stocks fall after Walmart says weight-loss drugs have customers cutting back on calories – MarketWatch

Will Ozempic Users Really Buy Fewer Groceries? Major Food Stocks Drop After Walmart Exec’s Claim.

Ozempic, Wegovy dampening food sales, Walmart exec says | Fortune

Users of weight loss drugs like Ozempic are buying less food, Walmart says

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