Walmart Inc (NYSE:WMT) has recalled over 6,400 pounds of breakfast Turkey Patties and Pork Sausage Patties on concerns of contamination with Salmonella. The pork food products feature ‘Great Value,’ a brand and logo of Walmart. Each package comprises 35.6 ounces of pork sausage patties and 24.9 ounces of pork sausage patties and Turkey patties (for breakfast).
George’s prepared foods – contaminated
Walmart recalled George’s prepared foods with usage by dates of November 3, and 5, October 16, and 24. According to USDA, the affected products bear the number of the establishment – P-2260T or EST.M2206T.
Around 450 die every year
People who consume Salmonella contaminated food could suffer from symptoms like stomach cramps, fever, and diarrhea. The illness could last up to seven days. However, most people could recover without any treatment. Around 1.2 million people in the US suffer from salmonella bacteria every year, but 450 die because of the complications. Salmonella quickly grows in warm weather. Therefore, people should store the foods in the refrigerators and throw out leftovers.
The US FSIS has requested people to prevent the intake of Salmonella contaminated pork foods purchased from Walmart. People, who have stored such contaminated pork foods in their refrigerators, are urged to throw out and prevent the chances of salmonella infection.
Walmart intensifies price war
In response to the lower pricing strategy of Amazon, the brick and mortar retailer – Walmart is offering products from third-party sellers at subsidized rates. The move benefits consumers and sellers alike. However, investors would suffer from thin margins because of the supply of products at subsidized rates.
Walmart’s investment in Flipkart grown by 50%
After acquiring a majority stake in Flipkart for $16 billion last year, Walmart could pocket a 50% gain from the investment. The company is planning to spinoff ‘PhonePe,’ a mobile payments app, into a separate entity. Walmart is planning to unlock $10 billion from the spinoff of PhonePe.
Walmart could own a stake of 82% in each of the separate companies, which are valued at $30 billion and $27 billion, respectively. Therefore, the brick and mortar retailer enjoys a return of 50% on the investment in a few months.