atprm
12-04-2008, 12:02 PM
Wal-Mart same-store sales rise in November, as consumers shopped more as gas prices fell
BENTONVILLE, Ark. (AP) -- Wal-Mart Stores Inc. says November same-store sales rose 3.4 percent, as consumers shopped more ahead of the holidays as gas prices dropped.
Same-store sales, or sales at stores open at least one year, rose 3.4 percent at Wal-Mart stores and 3.5 percent at its Sam's Club warehouse division. Including fuel, same-store sales rose 3 percent.
Analysts surveyed by Thomson Reuters, on average, had expected same-store sales to rise 2.1 percent.
Total sales rose 2 percent to $32.21 billion, hurt by an 11 percent decline in international sales due to the stronger dollar. In the U.S., sales of groceries boosted results.
The company expects December same-store sales to rise at the high end of a 1 percent to 3 percent range.
BENTONVILLE, Ark. (AP) -- Wal-Mart Stores Inc. says November same-store sales rose 3.4 percent, as consumers shopped more ahead of the holidays as gas prices dropped.
Same-store sales, or sales at stores open at least one year, rose 3.4 percent at Wal-Mart stores and 3.5 percent at its Sam's Club warehouse division. Including fuel, same-store sales rose 3 percent.
Analysts surveyed by Thomson Reuters, on average, had expected same-store sales to rise 2.1 percent.
Total sales rose 2 percent to $32.21 billion, hurt by an 11 percent decline in international sales due to the stronger dollar. In the U.S., sales of groceries boosted results.
The company expects December same-store sales to rise at the high end of a 1 percent to 3 percent range.