Wal-Mart Stores (WMT) May Comps Up 1.1%
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Price: $105.73 -0.09%
Revenue Growth %: +4.4%
Financial Fact:
Dividends declared per common share: 0
Today's EPS Names:
ANAB, ANIX, MNY, More
Revenue Growth %: +4.4%
Financial Fact:
Dividends declared per common share: 0
Today's EPS Names:
ANAB, ANIX, MNY, More
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Wal-Mart Stores Inc. (NYSE: WMT) said May comps store sales rose 1.1% (Without Fuel) or 1.3% (With Fuel).
The Company expects comparable store sales for the June five-week reporting period to be between flat and 2 percent.
Apparel and home continue to be soft. Wal-Mart Stores U.S. expects to see improvement in these categories beginning in the third quarter, but more significant progress is anticipated during the fourth quarter. The Company continues to reinforce its price leadership position both through print and electronic advertising and in-store communications. Among discount store consumers and Wal-Mart shoppers, worries about gas prices have increased from January through April.
The Company expects comparable store sales for the June five-week reporting period to be between flat and 2 percent.
Apparel and home continue to be soft. Wal-Mart Stores U.S. expects to see improvement in these categories beginning in the third quarter, but more significant progress is anticipated during the fourth quarter. The Company continues to reinforce its price leadership position both through print and electronic advertising and in-store communications. Among discount store consumers and Wal-Mart shoppers, worries about gas prices have increased from January through April.
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