WAL-MART: FOOD SALES GROWING TWICE AS FAST AS OVERALL SALES

BENTONVILLE, Ark. -- Wal-Mart Stores here said last week food sales are growing at more than double the rate of overall sales.The company said overall sales jumped 15.5% to a record $52.7 billion for the third quarter ended Oct. 31 and rose 14% to $153.6 billion for the nine-month period, while food sales at supercenters grew by 34% for the quarter and 35% for the year to date, according to Tom Schoewe,

BENTONVILLE, Ark. -- Wal-Mart Stores here said last week food sales are growing at more than double the rate of overall sales.

The company said overall sales jumped 15.5% to a record $52.7 billion for the third quarter ended Oct. 31 and rose 14% to $153.6 billion for the nine-month period, while food sales at supercenters grew by 34% for the quarter and 35% for the year to date, according to Tom Schoewe, chief financial officer.

Net income climbed 8.2% to a record $1.5 billion

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