Walmart Store sells eggs for only $ 2 - can others follow?
Buyers were shocked to see such a low price in the middle of a shortage that increased egg prices.
Even if you don't eat eggs, the chances are that you are aware of so expensive They became. Prices Hit Record Highs In December 2022, according to Reuters, and in January, they increased by 150% compared to last year. The American Department of Agriculture (USDA) had previously cited an avian influenza epidemic as a reason for a shortage of eggs, which made prices climb . But while many Americans debate eggs at an exorbitant price in their caddies, a Walmart store in Kentucky has eggs on sale for only $ 2. Read the rest to find out why the store has reduced prices and if you can expect your local walmart to follow suit.
Read this then: These are all the walmart locations closing forever by March 10 .
The sale price was shocking after months of inflation.
A Walmart store in Harrodsburg, Kentucky, caused a tug On February 15, when a photo of his egg section became viral on Facebook, Nowsweek reported. NBC-Affiliate Lex 18 published a photo that shows egg boxes of 18 accounts carefully stacked , with an encouraging sign above them. Highlights as a "backtrack", the eggs are on sale for only $ 2, compared to $ 6.03. AE0FCC31AE342FD3A1346EBB1F342FCB
The comments section was flooded with excitement about the sale, in particular because the boxes have 18 eggs, as opposed to the typical dozen. "It's for 18! I would like to live closer. Lol," reads a comment, while another joked, "does he include the eggs? Or is it just the box?"
In a declaration at Nowsweek , Walmart said he tries to always give buyers the lowest prices, but did not explain exactly how these eggs have become such a flight.
"We are committed to providing the best prices so that our customers can save money and live better," the statement said. "What happened involving egg shipping to the Harrodsburg store shows our ability to take advantage of these unique opportunities and quickly transmit these savings."
Some customers supposed that the eggs were expired.
While some found the news encouraging, others were skeptical about the prices, which suggests that eggs could soon turn.
"They must be close to the expiration date of their inventory," said a comment.
"It is because no one can afford it and they are about to go wrong. As no one had seen it coming," wrote another.
Others said that if Walmart was able to make a profit on 2 eggs, that's why they should sell them. "If they can still earn money at this price, then that's what they should be assessed !!!!" An emphatic Facebook user wrote.
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It might have something to do with wholesale eggs.
Last week, the wholesale prices of eggs (that is to say the prices that retailers pay) to come down at $ 2.81 per dozen, Wall Street's journal Reported, citing data from the research company Urne Barry.
Although this number is even higher than the average price in January 2021, which oscillated around $ 1.30 per dozen, it is almost 50% lower than the $ 5 bar reached in December 2022. According to CNBC, Fewer cases Bird flu is reported, allowing egg producers to recover.
Walmart seems to capitalize on the rise in healthy chickens by reducing prices and attracting customers accordingly.
Will other stores follow?
For buyers, egg prices are generally even higher, because retailers are running a profit by selling eggs for much more than they paid.
According Wall Street's journal , there is often a little delay before the drop in retail prices, and Brian Earnest , the main economist of animal protein in Cobank, said at the exit that stores may not want to reduce prices immediately, especially if the bird flu is underway and that they have to raise them again.
"We could see a certain price reduction in the immediate future", " Wendong Zhang , PHD, agricultural economist and assistant professor at Cornell University, told Wall Street's journal last week. "If the flu is coming back, we will have tips again."
As for the other Walmart stores, a commentator on the Facebook publication of Lex 18 on $ 2 eggs said that a Walmart in Lexington (probably the city of Kentucky) sold eggs at the same price. However, it is not clear if stores outside Kentucky will follow suit.
Better life Contacted Walmart to comment if buyers can expect to see eggs of $ 2 in more places, but have not yet heard.
