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