Wal-Mart Scores Record Q3; Leaked Memo Suggests New Store Goal Grows for '06
BENTONVILLE, Ark. -- Suggesting that size does indeed matter in trying times, global giant Wal-Mart Stores, Inc. said yesterday it had a record third quarter in sales and earnings despite the effects of hurricanes, the rising price of gasoline, and expenses related to product warranty programs. Later in the day, a leaked internal memo suggested that Wal-Mart plans to open or expand 484 stores across the United States next year, over 100 more than previously disclosed.