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
- 17:57 Statesville man jailed in attempted murder of wife
- 17:48 Franciscan religious order in 'grave' financial crisis
- 17:47 CMS reviewing Heath Morrison's travel and expenses
- 17:38 Bank of America CEO defends taking on chairman's title
- 17:14 NC insurance commissioner denies industry's request for rate hike...
- 16:40 Marlins acquire INF Martin Prado from Yankees
- 16:34 Williams, UNC wait for ‘big-time' player to emerge in front...
- 16:16 Carolina Panthers ‘very confident' QB Cam Newton will play...
- 15:39 WATCH: Most outrageous holiday lights of the season
- 15:08 Medically fragile 14-month-old girl leaves Holy Angels to live at...