Wal-Mart Gains Traction as Holidays Approach

Wal-Mart Stores appears well positioned for the holidays, analysts said last week after the company issued its third-quarter earnings report. Food sales at Wal-Mart Supercenters increased more than 13% during the period, which ended Oct. 31, Eduardo Castro-Wright, president of the division, said in a prerecorded call. Grocery and pharmacy sales were strong throughout the quarter,

Bentonville, Ark. — Wal-Mart Stores here appears well positioned for the holidays, analysts said last week after the company issued its third-quarter earnings report.

Food sales at Wal-Mart Supercenters increased more than 13% during the period, which ended Oct. 31, Eduardo Castro-Wright, president of the division, said in a prerecorded call. Grocery and pharmacy sales were strong throughout the quarter, he said, with comparable-store food sales up 5.3% and pharmacy comps up 8%

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