
Wal-Mart Stores, Inc. (NYSE: WMT) reported net sales for the four-week periods ending Mar. 2, 2007, and Mar. 3, 2006,
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, www.walmart.com . 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.
Sam's Club
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.
The seasonal transition to spring in Sam's Club is complete in categories such as grills and patio. In addition, the conversion to a new online travel and vacation service at Sam's Club Travel... Powered by Expedia, is complete and can be accessed at http://www.samsclub.com
Guidance
Comparable store sales in the United States for the March five-week period are estimated to be between 1 and 2 percent, said Tom Schoewe, Wal-Mart Stores, Inc. executive vice president and chief financial officer.
Detail on Comparable Sales Fuel Impact
Comparable sales that are presented in this release exclude the impact of fuel sales in the Company's Sam's Club segment. Fuel sales impacted the Sam's Club and total U.S. comparable sales figures for the four-week period ending Mar. 2, 2007, by -0.6 and -0.1 percentage points, respectively. Including the impact of fuel sales, the Sam's Club and total U.S. comparable sales figures for the four-week period ending Mar. 2, 2007, would have been 3.3 and 0.8 percent, respectively.
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, supercenters, Neighborhood Markets and Sam's Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. The Company's securities are listed on the New York Stock Exchange under the symbol WMT.
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