Wal-Mart profit misses Street as U.S. sales weak
REUTERS - Wal-Mart Stores Inc's (WMT.N) quarterly profit just missed Wall Street expectations on Thursday, with sales down 1.4 percent at its Walmart U.S. stores open at least a year.The world's largest retailer said U.S. sales suffered from a delay in income tax refund checks, cool weather, less grocery inflation than expected, and the payroll tax increase.Shares of Wal-Mart fell 2.3 percent in ...
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