Food Boosts Wal-Mart's Q4

Although Wal-Mart's quarterly financial report last week showed earnings were down, the retailer highlighted progress against competitors, particularly for groceries at its U.S. stores. Wal-Mart said expenses for lawsuit settlements and an unfavorable currency exchange rate contributed to a 7.4% decline in net earnings for the fiscal fourth quarter, which ended Jan. 31. For

BENTONVILLE, Ark. — Although Wal-Mart's quarterly financial report last week showed earnings were down, the retailer here highlighted progress against competitors, particularly for groceries at its U.S. stores.

Wal-Mart said expenses for lawsuit settlements and an unfavorable currency exchange rate contributed to a 7.4% decline in net earnings for the fiscal fourth quarter, which ended Jan. 31.

For the quarter, Wal-Mart reported net income of $3.8 billion on sales of $1

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