Wal-Mart to discuss business at US Walmart stores

By ANNE D'INNOCENZIO | October 12, 2011 | 12:05 AM EDT

NEW YORK (AP) — What Wal-Mart Stores Inc. says about how it's reversing a slump in its namesake U.S. business will be at the front of analysts' minds at the company's annual meeting with Wall Street Wednesday.

The discounter also is expected to offer a peek into its winter holiday strategies and a look at its capital spending plans.

The world's largest retailer announced in August that its second-quarter profit rose 5.7 percent, and it raised its outlook for the year based on strong international sales growth and its cost-cutting efforts.

Business has improved steadily at Wal-Mart's Sam's Club warehouse stores, but the company hasn't been able to stop a two-year sales slump at its U.S. Walmart stores. The company says the weak U.S. job market is straining its core low-income shoppers.