Wal-Mart's August Sales Beat Expectations
BENTONVILLE, Ark. -- Wal-Mart Stores, Inc. yesterday reported a higher-than-expected 3.1 percent increase in comparable-store sales at its U.S. units, including its namesake banners and Sam's Club, for the month of August. The retailer noted that its price leadership initiatives continued to drive traffic to its grocery business, with food categories remaining strong throughout the month.