US Grocers Brace for Sales Dip as Food Aid Set to Lapse
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U.S. grocers and food companies ranging from Walmart to Smithfield Foods are bracing for a dip in November sales if federal food aid benefits lapse for the first time due to the ongoing government shutdown.
The shutdown has imperiled next month's Supplemental Nutrition Assistance Program, also known as food stamps, which serves nearly 42 million people.
Neither Congress nor the U.S. Department of Agriculture has acted to fund the benefits beyond Saturday.
The gap could mean an $8 billion revenue drop for grocers...
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