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Wal-Mart Posts Lower Same-Store Sales In The United States For First Quarter 2013

May 16, 2013: 12:00 AM EST
Wal-Mart Stores Inc. reported same-store sales in the United States fell 1.4 percent in the first quarter of 2013. Sam's Club warehouse division reported same-store sales rose slightly 0.2 percent. Wal-Mart posted a 1.1 increase in net profit to $3.78 billion during the quarter from $3.74 billion a year earlier. Revenue rose 1 percent to $114.19 billion, with international sales rising 2.9 percent to $33 billion during the quarter. Wal-Mart forecast earnings of between $1.22 and $1.27 a share for the current quarter, lower than the $1.29 per-share profit forecast by analysts.
KAREN TALLEY And SAABIRA CHAUDHURI, "Wal-Mart Says Customers Remain 'Stretched'", Wall Street Journal, May 16, 2013, © Dow Jones & Company, Inc.
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