By  on May 14, 2008

Wal-Mart Stores Inc. posted higher first-quarter earnings and sales and said its apparel business is ready to "kick into high gear" with warmer spring weather.

Earnings rose 6.9 percent for the quarter to $3.02 billion, or 76 cents a diluted share, from $2.83 billion, or 68 cents, a year ago. Revenues for the three months ended April 30 rose 10.3 percent to $95.3 billion from $86.41 billion.

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