Retail

Wal-Mart: Sales Up, Earnings Down?

Wal-Mart (WMT) said its same store sales for the period rose 4% in March. Sales for the five weeks ending April 6 were up almost 12% to $34.26 billion.

That would appear to be very, very good news for the nation’s largest retailer, which has been watching its same store sales move up 1% or so recently.

But, the company said hitting earnings targets for the current quarter may be challenging.

Odd.

Douglas A. McIntyre

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