BENTONVILLE, Ark. — Price investments in food and other consumables helped drive sales growth at Wal-Mart Stores in the first quarter, but also pressured profit margins at the world’s largest retailer.
“Price was the focus of our first-quarter marketing, and this will continue to be a key message this year,” said Bill Simon, president and chief executive officer, Walmart U.S., in a prerecorded earnings call on Thursday.
Comparable-store sales in the U.S. ...
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