Wal-Mart Stores Reports Slightly Better Sales, Revenue For 4Q and FY 2015

Wal-Mart Stores, Inc. said comparable same-store sales in the United States increased 1.5 percent for the fourth quarter ending January 30, 2015. Comp sales for the Neighborhood Market division rose about 7.7 percent, while Sam's Club reported sales rose 2.0 percent during the period, the company said. Consolidated revenue rose 1.4 percent, or $1.9 billion, to reach $131.6 billion, with negative foreign exchange impact of about $2.6 billion. For the whole year, consolidated revenue rose 2.0 percent, or $9.4 billion, to $485.7 billion, with negative currency impact of about $5.3 billion. During the same period, the company expanded its retail space by almost 33 million square feet, with 511 new stores opening worldwide.