Wal-Mart Q1 Comps Up 3.8%

BENTONVILLE, AR-Wal-Mart’s combined portfolio posted a 3.8% same-store sales gain year over year during the largest retailer in the world’s first quarter. Sam’s Club warehouse stores were slightly higher than the company’s discount units, reporting a 4.3% gain.

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.