Wal-Mart Reports Profit Increase Nov 13, 2009

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For the third quarter that ended Oct. 31, Wal-Mart said its profit rose to US$3.23 billion from $3.14 billion a year earlier. Sales rose 1.1% to $98.67 billion. Total U.S. comparable-store sales slipped 0.4%, with sales rising 0.1% at its Sam's Club warehouse division but falling 0.5% in its Walmart stores. It had forecast U.S. same-store sales to be flat to up 2%.

For the fourth quarter, which ends January 31, Wal-Mart expects U.S. comparable-store sales to be flat to plus-or-minus 1%.

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