Walmart sees sustained pressure from inflation; to slow hiring pace

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The world’s biggest retailer said on Tuesday that about 65% of its stores were expected to employ some form of automation by the end of its fiscal year 2026.

The company, which has more than 5,000 U.S. stores, also maintained its full-year forecast.

“We’re assuming that this year is going to be somewhat anomalous … Still feeling the effects of higher prices,” Chief Financial Officer John David Rainey said at the company’s investor meeting.

Rainey expects inflation at about 3% by the end of the year.