BENTONVILLE, Ark. — Wal-Mart Stores here said yesterday earnings were flat and sales were down for the first quarter ended April 30, with a slowdown in food inflation having a modest impact on U.S. grocery sales.
“While we believe our grocery business continues to out-perform leading competitors and is benefiting from increased distribution of government assistance programs, grocery comp sales are being modestly impacted by a slowdown in inflation,” Eduardo Castro-Wright, vice chairman, ...
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