Dividend.com: Wal-Mart Wary of Economy

Wal-Mart Begins to Feel Consumer Slowdown

Wal-Mart(WMT Quote) just reported a 10% increase in third-quarter profit to $3.14 billion, or 80 cents per share, in the quarter ended Oct. 31, up from $2.86 billion, or 70 cents per share, a year earlier.

The company did beat EPS estimates by 4 cents as sales rose 7.4% to $98.64 billion. The company is recognizing the economic difficulties around the world, and plans to push its position as the lowest-cost retailer with its latest marketing "save money, live better" campaign. The company is also scaling back its store growth and capital expenditures while focusing on remodeling existing locations. ...