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Wal-Mart August same-store sales up 3.1 pct

NEW YORK (Reuters) - Wal-Mart Stores Inc <WMT.N> on Thursday reported a higher-than-expected 3.1 percent rise in August sales at its U.S. stores open at least a year.
Posted : Thu, 06 Sep 2007 11:40:07 GMT
Author : Reuters
Category : US (Business)
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NEW YORK (Reuters) - Wal-Mart Stores Inc on Thursday reported a higher-than-expected 3.1 percent rise in August sales at its U.S. stores open at least a year.

Analysts, on average, were expecting the company's U.S. same-store sales to rise 1.6 percent, according to Reuters Estimates, while Wal-Mart had forecast August sales to rise between 1 percent and 2 percent.

The world's biggest retailer said net sales in the four weeks that ended August 31 rose 9.3 percent to $28.22 billion.


(c) Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

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