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
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