A women shoping for pens at Walmart's back to school section.
Analysts found customers taking weight-loss drugs like Ozempic gs are spending more in total with Walmart.
  • Walmart's US CEO recently discussed the impact weight loss drugs like Ozempic have had on sales.
  • An analyst note from Morgan Stanley aims to clarify Walmart's remarks.
  • Walmart told the analysts the small group of known customers who take the drugs spend more overall.

Walmart is trying to clarify the impact weight-loss drugs like Ozempic and Wegovy are actually having on its bottom line.