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Girls' wear & spring seasonal apparel sales improve at Wal-Mart
13 Apr '07
3 min read
Wal-Mart Stores Inc reported net sales for the five-week and nine-week periods ending April 6, 2007, and April 7, 2006 , respectively, as follows (dollars in billions):
Click here to view net sales information (dollars in billions).
Click here to view comparable sales (dollars in billions) for the periods ending April 6, 2007, and April 7, 2006.
Wal-Mart Stores Division: For the March five-week period, grocery sales at Wal-Mart Stores were strong, particularly in food and dry grocery. Produce, dairy and bakery did well. The prescription side of pharmacy had comparable store sales in the mid teens, as consumers continue to respond to the Company's $4 generic program. Consumer purchases also were strong in toys and lawn and garden.
While overall home and apparel are soft, sales improved in girls' wear and spring seasonal apparel as the temperatures warmed. Comparable store sales for March were driven by the strength in average ticket. Customer transactions in the Company's comparable stores showed improvement from the prior month's results.
Sam's Club: Sam's Club strengths for the March reporting period included food, consumables and electronics. Seasonal categories also did well, due to the warmer weather and the positive reception to the Sam's Club spring catalog, which was available to members the last week of March. Business member traffic continued to be up, with positive results in key business categories.
Guidance: The Company expects comparable sales in the U.S. for the April four-week reporting period to be flat to down 2 percent, due to the Easter calendar shift and April 2006 being our strongest monthly comparable store sales increase last year at 5.0 percent, said Tom Schoewe, executive vice president and chief financial officer. Sales for the March/April nine-week reporting period combined are estimated to be between 1 and 2 percent. The comparable sales increase for the related nine-week period of March/April last year was 3.4 percent.
Click here to view net sales information (dollars in billions).
Click here to view comparable sales (dollars in billions) for the periods ending April 6, 2007, and April 7, 2006.
Wal-Mart Stores Division: For the March five-week period, grocery sales at Wal-Mart Stores were strong, particularly in food and dry grocery. Produce, dairy and bakery did well. The prescription side of pharmacy had comparable store sales in the mid teens, as consumers continue to respond to the Company's $4 generic program. Consumer purchases also were strong in toys and lawn and garden.
While overall home and apparel are soft, sales improved in girls' wear and spring seasonal apparel as the temperatures warmed. Comparable store sales for March were driven by the strength in average ticket. Customer transactions in the Company's comparable stores showed improvement from the prior month's results.
Sam's Club: Sam's Club strengths for the March reporting period included food, consumables and electronics. Seasonal categories also did well, due to the warmer weather and the positive reception to the Sam's Club spring catalog, which was available to members the last week of March. Business member traffic continued to be up, with positive results in key business categories.
Guidance: The Company expects comparable sales in the U.S. for the April four-week reporting period to be flat to down 2 percent, due to the Easter calendar shift and April 2006 being our strongest monthly comparable store sales increase last year at 5.0 percent, said Tom Schoewe, executive vice president and chief financial officer. Sales for the March/April nine-week reporting period combined are estimated to be between 1 and 2 percent. The comparable sales increase for the related nine-week period of March/April last year was 3.4 percent.
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