News and insight for North America's fresh produce buyers
Carl Collen

BY CARL COLLEN

Wednesday 14th May 2008, 18:00 Central Time

Q1 net sales up for Wal-Mart

The US-based retail giant has reported strong results

Q1 net sales up for Wal-Mart

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Wal-Mart has reported a successful first-quarter of 2008, with results showing a 10.2 per cent increase in net sales to US$94.1bn, up from US$85.4bn in 2007. Operating income jumped 9.5 per cent to US$5.3bn, while net income from the quarter grew 6.9 per cent from US$2.86bn to US$3bn, attributed to operational improvements and price leadership. 

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