Although Walmart (WMT) has done a solid job managing its input costs, the company’s profits have nonetheless suffered as household budgets sought to prioritize necessities over discretionary items. This shift in consumer behavior comes at a time when the Federal Reserve was raising interest rates to curb inflation, while the company battles supply chain disruptions. Having made consistent investments in technology and fulfillment, the current inflationary environment has played in Walmart’s low-price model as consumers shop to stretch their spending.