Improved income in all operating divisions contributed...
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Improved income in all operating divisions contributed to a 50% rise in profit and a 37% incrase in sales for the first quarter ended April 30 for Bentonville, Ark.-based Wal Mart Stores Inc. This demonstrates continuing good customer acceptance of our everyday low-price program that is being reinforced by an improving expense ratio and reduction in our rate of federal income taxes, a spokesman said.
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