March 3, 2005

Feb Sales Better than Expected

Wal-Mart reports for February:

Wal-Mart said February same-store sales rose a better-than-expected 4.1% from a year ago, reflecting balanced strength at its flagship stores and Sam's Club.

The discount giant reported overall sales of $22.37 billion for the month, up 10.9% from a year ago. By segment, Wal-Mart Stores' overall sales rose 11.1% from a year ago to $15.13 billion, Sam's Club's overall sales rose 5.4% to $2.82 billion and international sales rose 14.4% to $4.41 billion.

The company had previously previewed a same-store sales increase of 4% for the month.

"For the March five-week period, we forecast comparative sales for the U.S. to be similar to or better than February," Wal-Mart said.

The stock added 48 cents to $52.52 in premarket trading

Posted by Bob on March, 3 2005 at 02:00 PM