Walmart: Weight-Loss Drugs Leading Customers to Buy Fewer Groceries, Hitting Food and Beverage Companies

Shares of Coca-Cola and PepsiCo fell after Walmart said weight-loss drugs like Ozempic are causing customers to buy fewer groceries and calories.

Walmart can track customers on these drugs and see they are causing a "slight pullback" in overall basket size and calories.

Analysts have expressed concern anti-obesity meds will affect food/beverage companies, grocery stores, restaurants.

Morgan Stanley predicts the weight-loss drug user pool will reach 24 million in a decade.

Coca-Cola and PepsiCo bond prices rose then fell Thursday; both companies have tens of billions in outstanding bonds.