EXHIBIT 23 CONSENT OF INDEPENDENT AUDITORS We consent to the incorporation by reference in this Annual Report (Form 10-K) of Wal-Mart Stores, Inc. of our report dated March 21, 1997, included in the 1997 Annual Report to Shareholders of Wal-Mart Stores, Inc. We also consent to the incorporation by reference of our report dated March 21, 1997, with respect to the consolidated financial statements of Wal-Mart Stores, Inc. incorporated by reference in this Annual Report (Form 10-K) for the year ended January 31, 1997, in the following registration statements and related prospectuses. The Wholesale Club, Inc. Incentive Stock Option Plan of Wal-Mart Stores, Inc. Form S-8 File No. 33-42617 Associate Stock Purchase Plan of Wal-Mart Stores, Inc. Form S-8 File No. 2-64662 Stock Option Plan of 1984 of Wal-Mart Stores, Inc., as Form S-8 File No. 2-94358 amended and 33-43315 Stock Option Plan of 1994 of Wal-Mart Stores, Inc. Form S-8 File No. 33-55325 Debt Securities and Pass- Through Certificates of Wal-Mart Stores, Inc. Form S-3 File No. 33-55725 Director Compensation Plan of Wal-Mart Stores, Inc. Form S-8 File No. 333-24259 Debt Securities of Wal-Mart Stores, Inc. Form S-3 File No. 33-53125 Dividend Reinvestment and Stock Purchase Plan of Wal-Mart Stores, Inc. Form S-3 File No. 333-2089 ERNST & YOUNG LLP Tulsa, Oklahoma April 18, 1997