Q4 Earnings Down, but Food Strong at Wal-Mart

Charges associated with settling various labor lawsuits, along with an unfavorable currency exchange rate, contributed to net earnings falling 7.4% during the fiscal fourth quarter for Wal-Mart Stores, the retailer here said Tuesday. The company, however, cited progress against competitors — particularly in grocery sales — in its U.S. stores.

BENTONVILLE, Ark. — Charges associated with settling various labor lawsuits, along with an unfavorable currency exchange rate, contributed to net earnings falling 7.4% during the fiscal fourth quarter for Wal-Mart Stores, the retailer here said Tuesday.

The company, however, cited progress against competitors — particularly in grocery sales — in its U.S. stores.

For the quarter, which ended Jan. 31, Wal-Mart reported profits of $3.8 billion on sales of $109.1 billion. Q

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