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Wal-Mart beats expectations

Thu Aug 13 11:47:00 -0400 2009

MarketWatch (New York)

- Wal-Mart Stores Inc. on Thursday topped analyst expectations with its fiscal second-quarter results, and offered a slightly more upbeat forecast for the rest of the year.

The rate of cost increases for commodity food products, including eggs and milk, has slowed to a year-to-date increase of about 4%, compared with the full-year growth rate of 5.5% in 2008, said analyst Joe Feldman of Telsey Advisory Group.

To view the full article, download the PDF here: MarketWatch, August 13, 2009