Wal-Mart’s 1Q earnings up 3 pct, powered by overseas stores; US Walmart sales still weak
NEW YORK - Rising gas prices are adding another obstacle to Wal-Mart Stores Inc.’s campaign to reverse a two-year U.S. sales slump.
Strong overseas revenue, growth at Sam’s Club and Wal-Mart’s specialty - cost-cutting - pushed the world’s largest retailer’s net income up 3 percent in the first quarter, beating Wall Street expectations.
But business at home is still soft. Wal-Mart says it is seeing some improvements but needs more time to see whether hammering its low-price message... read more
Most read news
- 03:09 General strike shuts down services across Greece
- 03:06 Division rivalries load NFL's Thanksgiving schedule
- 02:37 Japan's reporter pleads innocent in S. Korea trial
- 02:37 Suspected rebels kill 1 Indian soldier in Kashmir
- 02:35 Hong Kong police arrest 7 officers for beating protester
- 02:13 Ship with 700 migrants safely towed to Greek coast
- 02:04 Authors celebrate holidays with Love, Laughter, and Merrily Ever...
- 01:35 Ex-CBC host charged with sexual assault in Canada
- 00:39 Boise State prevails over Yale in overtime
- 00:10 Black Friday: Neil Young, 5SOS put spin on vinyl releases