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Walmart to cut $500 million from food and grocery orders

Walmart to cut $500 million from food and grocery orders

Walmart is planning to cut some $500m in revenue from food, groceries and other goods it sells at its U.S. stores this year.

Walmart has been on a tear of late, as the company has cut more than $5 billion in revenue in the last year alone.

The company reported its fourth-quarter earnings on Wednesday.

Its biggest cuts have come in the food department, which it has been slashing by $500,000 from the previous year.

The company said that its total food orders will drop 8.6% this year, with more than a quarter of the cuts coming in the U.K., where the cuts will be $200m.

The largest cuts will come from the U