Wal-Mart Posts 21 Percent Drop In Q4 Profit
Wal-Mart Stores The retail giant held on to the top spot on the Fortune 500, edging out Exxon Mobil for the second year in a row. For fiscal year 2014, Wal-Mart’s net sales totaled $473.1 billion, up 1.6% from the year-earlier period. While its sales grew domestically, Wal-Mart said the expiration of a payroll tax cut, reductions in the U.S. food stamp program, and poor winter weather hurt its results. But in the U.S., Wal-Mart is bullish about its plans to open even more small stores, which compete with drugstores and small grocery stores.Justin Sullivan—Getty Images
Wal-Mart Posts 21 Percent Drop In Q4 Profit
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Wal-Mart Stores The retail giant held on to the top spot on the Fortune 500, edging out Exxon Mobil for the second year
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Justin Sullivan—Getty Images
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America's 500 Biggest Companies

Oct 30, 2014

Wal-Mart stayed on top as its sales crept closer to half-a-trillion dollars. Apple moved into the top five. And UnitedHealth Group continued its steady climb. For the full list, click here.

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