As coronavirus cases increase in the country, some Walmart sites are experiencing shortages of certain products.
During a revenue conversation with analysts on Tuesday, Walmart U.S. CEO John Fernner said some stores had problems keeping toilet paper and detergents in stock.
“It really depends on what’s going on in the state and the city we̵
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He added that some stores are struggling to maintain inventory for other items.
“We still see some stress in things like delicacies, bacon and breakfast foods, but in general there is a product available, only a smaller range than it was,” Fernner said.
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The CEO of Walmart Inc. Doug Macmillan told analysts that the shortage sites correspond to areas with higher cases of coronavirus.
“I think the way to think about it is local, it really has everything to do with what happens with COVID cases in any particular community,” Macmillan said. “I was in the shops last week and saw a deviation from one state to another, one place to another, it just depends on how people feel at the moment.”
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Macmillan said it was “disappointing” that some items were exhausted, but added that Walmart was better equipped than in the spring.
“It seems to me that we will overcome this period of time better than during the first wave,” he said.
Walmart reported earnings for the third quarter on Tuesday.
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Many companies struggled with stock shortages in the spring, as the first wave of coronavirus led to mandatory blockades and restrictions. About 64% of buyers stocked up on products in March, according to a study by Inmar Intelligence.
The company found that before the election and in the face of the second wave of coronavirus, another 57% of buyers are considering re-storing goods.
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