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Wal-Mart Stores Reports Slight Net Sales Growth In 1Q FY 2014

May 15, 2014: 12:00 AM EST
Wal-Mart Stores, Inc. said consolidated net sales grew 0.8 percent to $114.2 billion in the first quarter ending April 30, 2014, compared with the same quarter of the previous year. Without the negative impact of about $1.6 billion from currency exchange rate, net sales would have risen 2.1 percent to $115.7 billion, according to the retailer. Total revenue increased 0.8 percent, or about $0.9 billion, to $115.0 billion, Wal-Mart also said. Consolidated net income contributed by Walmart declined 5 percent to $3.6 billion, with earnings per share from continuing operations linked to Walmart dropped 3.5 percent to $1.10, compared with the previous year.
"Walmart reports FY 15 Q1 EPS of $1.10; weather impacted EPS approximately $0.03", Walmart, May 15, 2014, © Wal-Mart Stores, Inc.
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