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
- 12:54 You could win tickets to the iHeart Radio Music Festival in Vegas
- 12:52 Norwegian Epic heading to Port Canaveral
- 12:46 Norwegian Epic heading to Port Canaveral
- 12:46 Florida ski clubs offer trips to heed the call of the North
- 12:39 Debut novel is an affair to remember
- 12:31 Texas attorney general charged with securities fraud
- 12:13 MetroWest's Veranda Park slowly emerges
- 12:03 Police: Boy may lose left eye after shooting outside his bedroom
- 11:50 Rains close Busch Gardens for day
- 11:17 Another terrible escalator accident rattles China