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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (93365)	4/12/2001 10:11:18 AM
From: sammaster	Read Replies (1) \| Respond to of 436258

Wal-Mart warns about Q1 results (WMT) By Michael Baron Wal-Mart Stores (WMT) said it may not meet Wall Street expectations for a profit of 32 cents a share in the first quarter but added that it does expect its profit for the period to be slightly above last year's earnings of 30 cents a share. In a sales update posted on its Web site, the Bentonville, Ark., discount general merchandise retailer attributed the shortfall to cooler weather patterns over the last several weeks. For both April and the first quarter as a whole, Wal-Mart forecast same-store sales growth of 3 to 5 percent. Earlier this morning, the Dow component reported March total company same-store sales rose 3.3 percent. Total company sales for the five weeks ended April 6 rose 11.3 percent to $18.77 billion from $16.87 billion in the same period a year earlier. The shares are off $2.25, or 4.5 percent, to $47.98.