Wal-Mart Same Store Sales Climb 14% To $10.6 Bln
Federal Filings via Dow Jones
FORM TYPE: PRNews
ISSUER: WHOLESALE CLUB INC.
SYMBOL: WMT
BENTONVILLE, Ark., Dec. 4 /PRNewswire/ -- Wal-Mart Stores, Inc.
reported net sales for the four-week period ending November 28, 1997, of
$10,655,000,000, an increase of 14.0% from the $9,350,000,000 in the
similar period of the prior year. For the 43-week period ending
November 28, 1997, sales increased 12.3% to $93,565,000,000.
Sam's Clubs sales for the four-week period were $1,793,000,000,
up 5.4% from $1,701,000,000 in the similar prior year period. Club
sales for the 43 weeks of $16,610,000,000 were up 3.9% over the similar
prior year period.
Comparable sales for the periods were as follows:
4 Weeks 43 Weeks
This Year Last Year This Year Last Year
Wal-Mart 6.5% 2.5% 6.8% 4.7%
Sam's Club 4.4% 9.0% 3.2% 2.4%
Total Company 6.1% 4.0% 6.0% 4.1%
As of November 30, 1997, the Company had 1,904 Wal-Mart stores,
436 Supercenters, 444 Sam's Clubs, 9 Argentina units, 8 Brazilian units,
144 Canadian Wal-Mart stores, 3 China stores, 2 Indonesian Supercenters,
398 Mexican units, and 13 Puerto Rico units.
Wal-Mart (WMT) operates in all fifty (50) states, Argentina,
Canada, Mexico, and Puerto Rico, and in Brazil, China, and Indonesia
under joint venture or franchise agreements. Wal-Mart employs over
700,000 Associates in the United States and 100,000 internationally.
Its securities are listed on the New York and Pacific stock exchanges.
bbs
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