Walmart Jumps Nearly 2.8% as Justice Department Widens Beef-Pricing Review
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Walmart Jumps Nearly 2.8% as Justice Department Widens Beef-Pricing Review Khac Phu Nguyen Thu, September 3, 2026 at 5:28 PM EDT 1 min read WMT LE=F COST AMZN This article first appeared on GuruFocus . Walmart ( NASDAQ:WMT ), the world's largest retailer, rallied nearly 2.8% to $109.015 Thursday even as Washington turned up the heat on beef pricing. Reuters reported that the Justice Department contacted eight retailers, including Walmart, Costco and Amazon, as record beef prices pushed grocery affordability deeper into the political spotlight. Warning! GuruFocus has detected 4 Warning Signs with PLTR. Is WMT fairly valued? Test your thesis with our free DCF calculator. This is scrutiny, not a guilty verdict. Walmart has not been accused of fixing prices, manipulating the market or violating antitrust law. The review runs alongside a separate investigation into meatpackers, widening the government's lens across the beef supply chain while leaving the immediate financial threat to Walmart unclear. Walmart's second-quarter results packed $187.9 billion in revenue, while first-half inventory hit $61.6 billion. Grocery scale keeps shoppers coming, but stubborn food inflation can bite margins when Walmart holds prices down to defend its value crown. At $109.015, the stock sits 5.46% above its $103.37 GF Value estimatea clear sign investors still prize Walmart's defensive power despite the regulatory noise.
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