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Wal-Mart to reveal Q4 results, investors anxious

19
Feb '07
Retail giant Wal-Mart Stores Inc will announce its fourth-quarter results tomorrow. Investors are eager to know company's forecast for the new financial year, along with any possibility of rise in sales at its US stores.

Wal-Mart's US outlets, which opened one year back, received meager sales during last fiscal ended January 31, 2007 with a 0.1 percent November drop.

Investors are worried over business at the US stores being slow owing to problems like limited growth opportunities, troubled apparel offerings and store remodeling projects.

Wal-Mart has predicted US same-store sales to upturn 1-2 percent this month. In comparison, competitor Target Corp forecasts 4-6 percent rise in store sales for February.

According to Treasurer Charles Holley, company's policy during the fourth quarter was to maintain daily low prices to ensure it remained the price leader.


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