“We are very pleased that Wal-Mart delivered earnings and comparable sales above guidance for the first quarter,” said Mike Duke, president and chief executive officer of Wal-Mart. “Our overall performance reflects the success of Wal-Mart’s business model: driving the productivity loop, leveraging expenses and investing in price leadership. We believe that the momentum throughout our business positions us very well for the rest of the year.”
Wal-Mart US comparable store sales rose 3 percent for the quarter ended April 27. The international segment net sales grew 15 percent.
