date:May 16, 2014
nt to $3.59 billion.
Wal-Mart, like other retailers, blamed its weak sales on a harsher-than-usual winter in much of the United States.
The winter storms not only made it difficult for shoppers to visit Wal-Mart's stores, mainly located on the outskirts of towns and cities, but also disrupted the company's supply chain.
Wal-Mart, which operates in 10 countries, said its tax rate was also higher than expected at about 34 percent. The company did not say why the tax rate, which was 32.9 percent