Wal-Mart Stores April net sales up 2.4%
Published:11-May-2009
By Datamonitor staff writer
Net sales of $96.08 billion for the first quarter ended May 1, 2009
Wal-Mart Stores has reported that net sales were $29.85 billion for April 2009, a 2.4% increase, compared to $29.16 billion for April 2008.
Comparable store sales, with fuel, increased 4% for April 2009, compared with a 3.7% increase for April 2008.
For the first quarter ended May 1, 2009, net sales were $96.08 billion, a 0.9% increase, compared to $95.26 billion in the same quarter of 2008.
For the first quarter ended May 1, 2009, comparable store sales, with fuel, increased 2.9%, compared with a 2.5% increase in the same quarter of 2008.
Eduardo Castro-Wright, vice chairman of Wal-Mart Stores, said: "Walmart US comparable store sales in April continued to show the underlying strength of our business. We gained new customers, improved our market share position and found that when customers had more money to spend, they spent it more often at Wal-Mart.
"The initiatives we have undertaken to improve the shopping experience have driven our strong performance during the last 18 months, and our stores are now converted and ready for summer. We are facing challenging comparisons to last year’s second quarter, which benefited from the economic stimulus checks and a higher rate of food inflation. We expect this will be offset somewhat by higher customer traffic and improved assortments."
