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Wal-Mart Sees Better Short-Term Revenue Performance; Reports Mixed Results For 3Q 2015

November 17, 2015: 12:00 AM EST
Wal-Mart Stores Inc. reported same-store sales in the United States grew 1.5 percent in the third quarter of 2015, its fifth consecutive quarter of growth following a long period of contractions. Also, for the fourth straight quarter, the number of shoppers visiting Wal-Mart stores grew, rising 1.7 percent. Profit, however, dropped 11 percent, due to higher operating costs. Warning that profit is likely to continue declining, Wal-Mart lowered its long-term profit goals in August and in October 2015. During the quarter, the company reported profit reached $3.3 billion, down from $3.71 billion in the same quarter of the previous year. Worldwide revenue declined 1.3 percent to $117.41 billion, with results hampered by weak performance in markets, including Brazil and the UK.
Sarah Nassauer, "Wal-Mart U.S. Sales Strengthen", Wall Street Journal, November 17, 2015, © Dow Jones & Company, Inc
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