YZ, speaking of Wal Mart, analysts are saying without Wal MArt, October same store sales figs would have been terible..... LOL ! btw, Boston Chicken never did get in the practice of releasing same store sales figs.... I wonder why? ha!
Thursday November 8 9:23 AM ET
Wal-Mart's Sales Climb 6.7 Percent
Analyst: Place your retail bets on discounters: WMT, COST and TGT - (ON24)
BENTONVILLE, Ark. (Reuters) - Wal-Mart Stores Inc. (NYSE:WMT - news), the world's largest retailer, said on Thursday its sales at stores open at least a year increased a higher than expected 6.7 percent from a year earlier in October.
The company said net sales in the four weeks ended Nov. 2 rose 14.6 percent to $16.62 billion from $14.50 billion a year earlier.
At outlets open at least year, sales at Wal-Mart discount stores rose 6.3 percent last month, while those at its Sam's Club warehouse unit were up 8 percent.
The retailer had expected an overall sales increase of 4 percent to 6 percent for the period.
For November, Wal-Mart said in a recorded message that it expects same-store sales to rise 4 percent to 6 percent, but cautioned that because year-ago sales volume was so huge, they may come in a the low end of the range.
``The day after Thanksgiving (last year) we had sales of $1.1 billion,'' Wal-Mart spokesman Rob Phillips said. ``The bar has really been raised.''
Shares of Wal-Mart closed at $53.83 on Wednesday. In the past year, the stock has ranged from $42.56 to $58.75. |
