Fewer people want to eat their meals at Walmart. WMT +0.07%

For years Walmart Inc. and large restaurant chains like McDonald’s Corp. MCD -0.29% enjoyed a mutually beneficial relationship. The retailer delivered a steady stream of diners, and the eateries provided rental profits and a reason for shoppers to stick around stores.

Those bonds have frayed as more shopping goes online and fast-food restaurants depend more on drive-through windows for sales, a feature Walmart locations don’t have. The pandemic has made indoor dining unappealing—or prohibited—for many shoppers, accelerating the split.


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