Walmart Says Weight Loss Drugs Like Ozempic Leading to Fewer Junk Food Purchases

Shares of major food companies like Kraft Heinz and PepsiCo dropped after comments from Walmart's CEO about decreased food purchases from people using weight loss drugs.

Walmart's CEO said they've seen a "slight change" in food buying habits among people using Ozempic and other similar drugs.

The decreases have been in the number of items purchased and slightly fewer calories overall.

Weight loss drugs like Ozempic that promote feelings of fullness have grown more popular recently.

Analysts predict the weight loss drug market could negatively impact food chains and junk food companies due to decreased appetite.