Wal-Mart Q1 Sales, Earnings Up; Comps Down

BENTONVILLE, Ark. — Wal-Mart Stores here said Tuesday it achieved record sales and earnings for its first fiscal quarter, despite a decline in traffic that resulted in lower comparable-store sales.

BENTONVILLE, Ark. — Wal-Mart Stores here said Tuesday it achieved record sales and earnings for its first fiscal quarter, despite a decline in traffic that resulted in lower comparable-store sales.

Net income for the 13-week quarter, which ended April 30, increased 9.7% to $3.3 billion, while sales rose 6% to $99.1 billion.

Comps in the U.S. declined 1.1% — dropping 1.4% at Walmart U.S. and rising

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