By  on February 20, 2008

Recession or not, penny-pinching plays to Wal-Mart Stores Inc.'s strength as the retail giant posted a 4 percent profit gain on an 8.3 percent sales increase.

For the quarter ended Jan. 31, net income grew to $4.1 billion, or $1.02 a diluted share, from $3.94 billion, or 95 cents, a year earlier on sales that swelled to $106.27 billion from $98.09 billion. U.S. same-store sales increased 1.7 percent, excluding the impact of fuel sales at Sam's Club.

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