Net sales for the company were up 12.3% during the quarter, which ended April 30, coming in at $79.6 billion. Wal-Mart discount stores accounted for about $52.5 billion of the total, followed by just north of $17.3 billion at international units and just under $9.8 billion at Sam's Clubs.

The company's net income rose 6.3% and was just over $2.6 billion after expenses. Wal-Mart stores' operating income was 20.4%, at just under $4 billion; international stores brought in $713 million, increasing 6.9%; and Sam's Club was up 8.1%, at $319 million.

During their quarter recorded conference call, executives said high gas and utility prices are impacting consumers not just here, but abroad as well. "This could pressure our results as we move into the second quarter," says Lee Scott, Wal-Mart's president and chief executive officer.