Wal-mart reverses slide in same-store revenue

11/16/2011

BENTONVILLE, Ark. — Wal-Mart Stores Inc. reported Tuesday quarterly revenue rose at stores opened at least a year after nine consecutive quarters of declines.

Specific figures were not disclosed, but in the three-month period ended Oct. 31, Wal-Mart’s U.S. namesake division’s revenue at stores opened at least a year, known as same-store sales, rose 1.3 percent. That’s above Wall Street estimates for a 0.3 percent increase. The nine quarters of declines constituted the retailer’s longest streak on record.