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Wal-Mart reports better-than-expected February salesNEW YORK (Reuters) - Wal-Mart Stores Inc (NYSE:WMT - News) reported a higher-than-expected 5.1 percent rise in February sales at U.S. stores open at least a year, saying lower gas prices meant shoppers had more money to spend in its discount stores.Analysts on average were expecting the company's same-store sales to increase 2.4 percent, according to Thomson Reuters Estimates."We believe falling gas prices significantly boosted household disposable income in February and therefore allowed for both more trips and more spending toward discretionary categories," Vice Chairman Eduardo Castro-Wright said in a statement on Thursday.The world's biggest retailer said net sales in the month ended on February 27 rose 2.8 percent to $30.02 billion.
That outta a$$'splode a few DUmmie heads. MORE