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Wal-Mart's Q1 Sales Up, but Analysts Say Company Missed the Mark
BENTONVILLE, Ark. -- When the bar's set high, it's a long way down. Wal-Mart Stores, Inc.'s net sales for the first quarter ended April 30 were $70.9 billion, an increase of 9.5 percent over the first quarter of fiscal 2005, and net income for the quarter was $2.5 billion, a rise of 13.6 percent from $2.2 billion in the year-ago period. -
Supervalu's Sales Down, Earnings Up for FY05
MINNEAPOLIS -- Striking a self-congratulatory note for its performance in a challenging climate for the grocery industry, Supervalu yesterday posted net sales of $19.5 billion for the fiscal 2005 year, compared with $20.2 billion last year; and net earnings of $385.8 million vs. $280.1 million last year.