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Walmart Earnings Hit Hard By Food Stamp Cuts

Walmart made it clear last September that they did not have any “position” on the $5 billion in cuts to the Supplemental Nutrition Assistance Program (SNAP), which provides food stamps to millions of Americans nationwide. However, after disappointing fourth-quarter sales and profits, the company may want to reconsider. The Financial Times reports that although Walmart initially expected […]

February 3, 2014