Wal-Mart (WMT) April Comps Up 3.2%, Sees May Comps +0%-2%
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Wal-Mart Stores, Inc. (NYSE: WMT) April Comparable Store Sales Without Fuel rose 3.2% (2.6% in Wal-Mart and 6.6% in Sam's Club).
Sales strength continued in flat-panel TVs, with additional strong performance in April for video games and gaming systems. Sales were higher in food, dry grocery and consumables, while the allergy season helped drive sales of prescription and over-the-counter medications.
Wal-Mart sees comparable store sales, excluding fuel, for the May four-week period to be between flat and two percent.
Sales strength continued in flat-panel TVs, with additional strong performance in April for video games and gaming systems. Sales were higher in food, dry grocery and consumables, while the allergy season helped drive sales of prescription and over-the-counter medications.
Wal-Mart sees comparable store sales, excluding fuel, for the May four-week period to be between flat and two percent.
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