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Non-Tech : Wal-Mart -- Ignore unavailable to you. Want to Upgrade?

To: Robert J Mullenbach who wrote (822)	8/5/1999 8:48:00 AM
From: JakeStraw	Respond to of 1166

Wal-Mart Stores July same-store sales rise BENTONVILLE, Ark., Aug 5 (Reuters) - Wal-Mart Stores, Inc. said Thursday that July net sales totaled $11.3 billion, an increase of 16.3 percent over last year's $9.7 billion, while total company same-store sales rose 9.6 percent. Sales for the twenty-six week period were $73.6 billion, up 15.2 percent from $63.9 billion last year. Comparable sales for the periods ended July 30, 1999, were as follows: 4 Weeks 26 Weeks This Year Last Year This Year Last Year Wal-Mart 9.9% 7.2% 8.6% 9.4% Sam's Club 8.4% 6.8% 7.2% 8.9% Total Company 9.6% 7.1% 8.3% 9.2% Sam's Clubs sales for the four week period were $1,779,000,000, up 10 percent from sales of $1,618,000,000 in the similar prior year period. Club sales for the twenty-six weeks of $11,802,000,000 were up 9.1 percent from the $10,818,000,000 in the similar prior year period. ------------------------------------------------------------------------ More Quotes and News:Wal-Mart Stores Inc (NYSE:WMT - news)Related News Categories: US Market News

To: Robert J Mullenbach who wrote (822)	8/5/1999 10:39:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 1166

Strong Sales Should Fuel Hefty Profit Gains for Wal-Mart When Wal-Mart (NYSE:WMT - news) reports second quarter earnings on Tuesday, look for another estimate topping performance. Recent monthly sales reports have been quite robust. Sames store sales rose 9.6% in July, above the 7.1% comps the company furnished last year. Quite an impressive feat when you consider that summer months are typically a slower time for retail. Total sales surged 16.3% in the month to $11.3 billion for the month of July. Some of those gains are due to recent acquisitions, which are helping Wal-Mart fold to maintain its historical 15% top line growth. For the first six months of its fiscal year, Wal-Mart's sales have grown 15.2% to $73.6 billion, making the giant retailer set to post strong yearly sales, north of $150 billion. Shares of Wal-Mart have deteriorated along with the stock market, but the retailer can undoubtedly produce strong results, even if inflationary accelerates or the economy cools. The company's discount strategy can weather all kinds of economic environments. Wal-Mart is expected to earn $0.28 a share on Tuesday, which would be a 20% increase over the $0.23 a share earned last year. In light of the strong July sales, Wal-Mart will likely beat estimates by a penny or two a share. And this momentum should continue into August, a prime time for Wal-Mart stores, as it is the back-to-school season. After that, Wal-Mart will prepare itself for the holiday season, the peak earnings period for the company. We are very pleased with Wal-Mart's results, and continue to recommend shares for purchase. Analyst: Adam Lowensteiner fnews.yahoo.com