U.S. comps inch up for Walmart in Q1

U.S. comps inch up for Walmart in Q1

U.S. sales were up modestly in the first quarter at Wal-Mart Stores, but investments in labor kept earnings on the lower end of expectations.

The retailer said U.S. comps improved by 1.1%, boosted mainly by a 1% increase in store traffic. Net U.S. sales increased 3.5% to $70.2 billion in the quarter, which ended May 2. Total sales of $114 billion decreased by 0.1% from the first quarter last year, reflecting a 6.6% decre

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