business news in context, analysis with attitude

• Wal-Mart this morning reports that its first quarter net income was up 6.9 percent to $3.02 billion, on Q1 sales that were up 10 percent to $94.1 billion, and US same-store sales that were up 2.9 percent (excluding fuel sales).

• Winn-Dixie Stores said that it had a Q3 profit of $15.02 million, down from $17.83 million during the same period a year ago. Third quarter sales were $1.7 billion, up 2.3 percent from a year earlier.

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