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Wal-Mart told investors after the market closed on Wednesday that its U.S. stores have reversed their trend of negative same-store sales. That would reverse an eight-quarter trend of falling same-store sales in the U.S.

The company also said it will hold expenses down, keeping capital expenditures at $13 billion to $14 billion both this year and next year, even though Wal-Mart plans to grow square footage by 4% to 5%. The company also said it plans to lower SG&A expense by 100 basis points over the next five years.

But the market appears to be shrugging today. Wal-mart is trading flat in a slightly down market, and shares are up 4.2% in the past five days. But for the year, the company’s shares are up just 1.9%. And this year, the company has raised its dividend and announced plans to buy back $15 billion worth of shares this year.

http://www.nytimes.com/2011/10/13/business/walmart-stores-sa...

http://blogs.barrons.com/stockstowatchtoday/2011/10/13/shoul...

Michael
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