Wal-Mart Beats Expectations In June
July 11th, 2008
Wal-Mart Stores, Inc. announced yesterday that its same-store sales in June surpassed expectations, growing 5.8%. “At Wal-Mart’s namesake discount stores and Supercenters, same-store sales rose 6.1 percent, while total sales were up 10.1 percent. The retailer’s Sam’s Club unit saw a 4.6 percent boost in same-store sales and an 8.9 percent jump in net sales.” The gains can largely be attributed to Strong grocery sales and boosts from tax-rebate checks. Progressive Grocer (July 11, 2008)