Wal-Mart Stores Inc reported net sales for the four-week periods ending March 2, 2007 and March 3, 2006.
The 18.7% increase in International's net sales for the four-week period includes 4.1 percentage points from the consolidation of Wal-Mart Central America.
Wal-Mart Stores Division:
During the four-week February reporting period, the strongest comparable sales performances continued in the grocery, consumables and pharmacy areas. Seasonal sales at Wal-Mart stores were strong in gift items for Valentine's Day.
The softness in home and apparel sales cited during the fourth quarter of fiscal 2007 continued in February and is expected to remain through spring. Hardlines were impacted by unfavorable weather.
For the Wal-Mart Stores Division U.S., average ticket drove the February comparable store sales increase. Traffic in comparable stores was down, and the impact on same store sales from last year's hurricane-related sales continues to decrease.
Earlier this week, the Company announced the launch of its “site to store” service for U.S. stores. This service offers free shipping to Wal-Mart stores on thousands of items offered through its web site. The first phase of the rollout is available in more than 750 stores, with full national availability to all Wal-Mart Stores U.S. expected to be completed by late summer.
Like Wal-Mart Stores, Sam's Club saw strength in the grocery, consumables and pharmacy areas during February. Consumer electronics categories continued their strong growth. Business member traffic tracked up during the reporting period.