Wal-Mart Stores Inc. saw U.S. same-store sales fall in a first quarter "marked by considerable headwinds," the Bentonville-based company said in a news release Thursday.
The world's largest retailer reported earnings of $3.78 billion, or $1.14 per share, for the quarter that ended April 30. That's up 1.07 percent from profit of $3.74 billion, or $1.09 cents per share, in the same period a year ago.
Wal-Mart missed the average earnings estimate of $1.15 per share from 22 analysts surveyed by Thomson Reuters.
Revenue rose 1.04 percent to $114.19 billion. That total comprises net sales, including fuel and membership fees, from Wal-Mart U.S., Wal-Mart International and Sam's Club.
Net sales for Wal-Mart International grew 2.9 percent.
In its U.S. division — the company's largest — Wal-Mart... [ MORE ]