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Ozempic Is Making People Buy Less Food, Walmart Says

bloomberg.com

31–40 of 97 posts

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#31
>“We definitely do see a slight change compared to the total population, we do see a slight pullback in overall basket,” John Furner, the chief executive officer of Walmart’s sprawling US operation, said in an interview Wednesday. “Just less units, slightly less calories.”

This implies they're looking at how people on GLP-1 analogs are behaving relative to the general population....but how do they know who is on the drugs?

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#32
post #3

Wait a sec. Didn’t they say this a few months ago and then walk it back?

Ever since retail execs blamed their lack of profits on widespread shoplifting then walked that claim back with absolutely zero consequence I’ve worked on the assumption that they say absolutely anything they need to if it boosts short term stockholder gains.

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#33

Ozempic is like $800 a month, do the people spending that also go to Walmart?

there's plenty of people who buy groceries at wal-mart not by choice, but because wal-mart is the only grocery store in their suburb.

I normally buy at the local store within walking distance, but $80 at Wal-Mart costs me 120-150 at the local store.

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#34
post #25

As of late, I have started to look at the ingredients of many of the foods I consume, here in India, and it deeply saddens me that most consumers stuff themselves with such ultra-processed chemical laden, taste and mind altering foods. I had to struggle a bit, but I have been able to wean off my kid from these foods and started making a lot of them at home. My next target is to get a cold press machine and make the o…

Why does it make you sad?

because ultra processed foods are objectively bad for us?

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#35
post #12

Earlier quoted context omitted.

Yes 1. Health insurance caps the annual price to a few thousand dollars, which is worth the money for most people for the health and social advantages 2. Wealthy suburban families shop at Wal-Mart quite a lot

Many people who are taking ozempic are not doing it with a prescription. That would not generally be covered by insurance. Edit: I meant off-label, not without a prescription. Same treatment by insurance.

... But if you're doing it illegally, you can pay way less money than you would for prescription Ozempic.

There is a booming black market for bootleg Chinese Semaglutide (and Tirzepatide, and Retatrutide, and etc)

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#36
post #31

>“We definitely do see a slight change compared to the total population, we do see a slight pullback in overall basket,” John Furner, the chief executive officer of Walmart’s sprawling US operation, said in an interview Wednesday. “Just less units, slightly less calories.” This implies they're looking at how people on GLP-1 analogs are behaving relative to the general population....but how do they know who is on the…

They can probably reasonably infer income, and use that as proxy when doing cohort analysis.

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#38
post #31

>“We definitely do see a slight change compared to the total population, we do see a slight pullback in overall basket,” John Furner, the chief executive officer of Walmart’s sprawling US operation, said in an interview Wednesday. “Just less units, slightly less calories.” This implies they're looking at how people on GLP-1 analogs are behaving relative to the general population....but how do they know who is on the…

Walmart also has a pharmacy. I'm not an expert on the privacy laws here, but I'd be surprised if they couldn't use that information (even if it's a legally grey area).

Re: Ozempic Is Making People Buy Less Food, Walmart Says

#40
post #31

>“We definitely do see a slight change compared to the total population, we do see a slight pullback in overall basket,” John Furner, the chief executive officer of Walmart’s sprawling US operation, said in an interview Wednesday. “Just less units, slightly less calories.” This implies they're looking at how people on GLP-1 analogs are behaving relative to the general population....but how do they know who is on the…

You don’t think Walmart’s pharmacy data can be correlated to the same customer’s shopping habits?
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