Cold April for Wal-Mart |
| TheStreet.com - May 10, 2007 |
Wal-Mart posted a 3.5% drop in April same-store sales, as cold weather and the early Easter holiday hurt results.
The Bentonville, Ark., retailer said sales in established stores fell 4.6% from a year ago at its Wal-Mart chain, more than offsetting a 2.5% rise at Sam's Club warehouse stores. Total sales rose 3.7% from a year ago to $26.57 billion, even as sales at Wal-Mart stores rose just 0.4%.
"Sales at the Wal-Mart Stores segment for the April four-week period overall were impacted negatively by weather conditions throughout most of the United States," the company said. "An earlier Easter season this year also drove some seasonal sales into the March five-week reporting period, as reported last month.
Read Full Article from TheStreet.com
- Posted: 2007-05-10 09:39:47
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