Walmart: Appetite Suppressants Like Ozempic Hurting Food and Beverage Sales

Walmart said appetite-suppressing drugs like Ozempic are already impacting shopping demand, causing selloffs in food and beverage stocks.

Shares of chocolate, beer, and consumer staples companies fell to multi-year lows in Europe and the US.

Nestlé, Unilever, Danone and other big food brands dropped on concerns these drugs will hurt sales.

Some analysts are skeptical the drugs will cause major changes in consumer habits long-term.

Big food companies say dropout rates are high for the drugs and their diverse product categories will limit impact.