Wal-Mart Profits and Revenue Rise
International growth and a renewed focus on low prices helped boost profit and sales for the world’s largest retailer. Wal-Mart recognized an overall increase of 4% during the holiday season, as hot electronic items as well as health products rose. Stores in 13 countries outside the U.S. accounted for about 25 percent of total company sales in the quarter, up from 23 percent a year earlier.
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Interesting to see the market jumpe pre market because of this “good news” and then watch it decline all day.