Wal-Mart (WMT) announced after the market closed that the company now expects sales to increase 5% to 7% in fiscal 2013, above analysts’ expectations for 4.7% growth. The company also said that same store sales have been positive for the last three months, after they fellin the second quarter.
The company also said that it will spend $12 billion to $13 billion on capital expenditures this fiscal year as well as next year.
�We continue to prioritize growth, leverage and returns in our commitment to increase shareholder value,� said CEO Mike Duke. �We will grow comparable store sales across our three operating segments, and we will leverage innovation, systems and processes to improve our overall productivity.�
Shares were flat after hours.
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