Wal-Mart (WMT) August Comps Up 3%

Wal-Mart Stores, Inc. (NYSE: WMT) August Comparable store sales rose 3% without fuel, 2.8% at Wal-Mart and 4.2% at Sam's Club.

Eduardo Castro-Wright, Walmart U.S. president and chief executive officer, said, "The underlying business performance for Walmart U.S. continued to show strength and the improved relative performance has resulted in market share gains."

Comparable store sales for the period were strongest in grocery and health and wellness. Grocery sales were led by food and consumables, including value-priced meal solutions. Other categories that fared well included flat-panel TVs, digital audio, cell phones and services, GPS units, fitness equipment and camping products.

Wal-Mart estimates U.S. comparable store sales, excluding fuel, for the September five-week period to be between two and three percent.

You May Also Be Interested In

• Telsey Reiterates Outperform Rating on Kroger (KR) Ahead of Earnings
• This beverage giant's international growth can’t hide ongoing U.S. weakness: BofA
• After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE