Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Wal-Mart profit falls 5 percent as severe winter deters shoppers

Send a link to a friend  Share

[May 15, 2014]  (Reuters) Wal-Mart Stores Inc reported a 5 percent fall in quarterly profit as severe winter weather hurt comparable sales in the United States.

Wal-Mart said comparable sales at its U.S. stores, its biggest unit, were relatively flat. Weather adversely impacted same-store sales by about 20 basis points, the company said.

Overall revenue rose marginally to $114.96 billion.

Net income attributable to Wal-Mart fell to $3.59 billion, or $1.11 per share, in the first quarter ended April 30, from $3.78 billion, or $1.14 per share, a year earlier.

(Reporting by Siddharth Cavale in Bangalore; Editing by Saumyadeb Chakrabarty)

[ 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Top Stories index

Back to top