Wal-Mart Stores March net sales decline to $36.21 billion
Published:13-April-2009
By Datamonitor staff writer
For the nine weeks ended April 3, 2009, comparable store sales, with fuel, increased 2.4%
Wal-Mart Stores has reported net sales of $36.21 billion for March 2009, a 1.9% decrease, compared to $36.91 billion for March 2008.
Comparable store sales, with fuel, increased 0.7% for March 2009, compared with a 1.1% increase for March 2008.
For the nine weeks ended April 3, 2009, net sales were $66.22 billion, a 0.2% increase compared to $66.10 billion in the same period of 2008.
For the nine weeks ended April 3, 2009, comparable store sales, with fuel, increased 2.4%, compared with a 1.9% increase in the same period of 2008.
Tom Schoewe, executive vice president and chief financial officer of Wal-Mart Stores, said: "Wal-Mart is maintaining strong price leadership and expense management. We believe earnings per share from continuing operations for the first quarter will be toward the high end of the range we provided in February, $0.72 to $0.77 per share."
Eduardo Castro-Wright, vice chairman of Wal-Mart Stores, said: "Based on the initial strength of our sales this week, we expect Easter to drive April sales performance. Clarity of offering, quality brands, unbeatable prices and strong operational execution are driving growth in multiple categories. We remain well positioned for today’s economy."
