Reduced Inflation Impacts Wal-Mart Grocery Sales

Wal-Mart Stores said yesterday earnings were flat and sales were down for the first quarter ended April 30, with a slowdown in food inflation having a modest impact on U.S. grocery sales.

BENTONVILLE, Ark. — Wal-Mart Stores here said yesterday earnings were flat and sales were down for the first quarter ended April 30, with a slowdown in food inflation having a modest impact on U.S. grocery sales.

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