Wal-Mart (WMT) Better Than Expected

Douglas A. McIntyre

Wal-Mart’s (WMT) earnings rose 8% to $2.83 billion in the last quarter. Revenue grew at about the same rate to $86.41. billion.

International sales saved the day, rising 18.5% to over $19.6 billion. Operating income for international was up over 19% but Wal-Mart domestic stores operating income was up less 2%.

For the second quarter of fiscal 2008, the Company estimates the comparable store sales increase in the United States to be between 1 and 2 percent.

Douglas A.McIntyre