Walmart Earnings Are Dented by Higher Costs
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Walmart sales grew during the most recent quarter, while higher product, supply-chain and employee costs ate into profits.

U.S. comparable sales, those from stores or digital channels operating for at least 12 months, rose 3% in the quarter ended April 29, led by strength in food categories, the company said Tuesday when it reported earnings. The number of U.S. transactions stayed flat during the quarter, while the amount spent each time rose 3%, the company said.

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