wmtPosted Nov 8th 2007 7:44AM by Douglas McIntyre
Filed under: Bad news, Wal-Mart (WMT), Economic data
Wal-Mart (NYSE: WMT)'s same-store sales for the latest period were weak.
U.S. revenue rose 5% for October hitting $17.4 billion. International was the star, moving up 19% to $7.2 billion. Total revenue moved up 8%.
In the U.S., same-store sales for the Wal-Mart brand were flat for the period. Sam's Club same-store figures rose 2.7%.
The hopes for a holiday turnaround at the world's largest retailer just got a set-back.
Douglas A. McIntyre is an editor at 247wallst.com.
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