Can Walmart Really Make Thanksgiving 30% Cheaper?

November 14, 2013 by Jon C. Ogg

Thanksgiving has been a magical time for Americans. It is a holiday that is about to become vastly different with 2013 being the first year of most of our lives that so many of the largest retailers will be opening at some point on Thanksgiving Day. So what happens when Wal-Mart Stores Inc. (NYSE: WMT), one of the big stores that will open on Thanksgiving, issues a press release claiming that a Thanksgiving meal purchased at Walmart can be purchased at nearly 30% cheaper than elsewhere?

The price comparison is in reference to the American Farm Bureau Federation estimates showed major savings. A total of 167 volunteer shoppers from 34 states were said to have participated in the American Farm Bureau’s informal survey this year.

The AFBF survey showed that Americans will pay $49.04 for a 10-person Thanksgiving meal in 2013. The products Walmart used in this analysis are comparable to items included in the Farm Bureau report. The good news is that this projection from the AFBF is actually a 44-cent price decrease from 2012’s average of $49.48.

Walmart’s press release showed that its customers can make the same Thanksgiving meal for $34.86. That “nearly 30” is actually 28.9% less. Walmart also said that customers can shop with confidence at Walmart through its ad match programs. The company stated, “If customers spot a lower price before or after they’ve done their grocery shopping on any items, Walmart will match the price.”

The average price of a dinner for Thanksgiving pertains to the basics of a meal. These included turkey, pumpkin pie mix, sweet potatoes, stuffing and other traditional ingredients. The survey does not includes gasoline, travel, and other things like spices and kitchen supplies.

Below is the AFBF average price projection image.

Sponsored: Want to Retire Early? Here’s a Great First Step

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.