WAL-MART REPORTS MARCH SALES
WAL-MART REPORTS MARCH SALES BENTONVILLE, Ark., April 9 /PRNewswire/ -- Wal-Mart Stores, Inc.
(NYSE: WMT; PSE), today reported net sales for the month of March of $3,930 million, an increase of 18 percent from sales of $3,319 million in the same period a year earlier.
For the two months ending March 31, net sales increased 25 percent to $7,539 million from $6,022 million for the same period a year ago. Wal-Mart's net sales include the March results of the McLane subsidiary of $199 million, compared to sales of $182 million a year ago, and year to date sales of $386 million, compared to sales of $353 million a year earlier. Excluding these sales, net sales would be $3,731 million, an increase of 19 percent for the month and $7,153 million, an increase of 26 percent for the year. Same store sales increased 6 percent for the month of March and 12 percent for the two months ended March 31. Sam's Clubs had sales of $892 million, up 25 percent for the month of March, and $1,712 million, up 33 percent for the two months ended March 31. Same club sales increased 9 percent for the month and 15 percent for the two months. At March 31, the company operated 1,728 Wal-Mart stores (includes nine Supercenter stores), 212 Sam's Clubs, and four Hypermart*USA units, compared with 1,578 Wal-Mart stores (includes five Supercenter stores), 178 Sam's Clubs, and four Hypermart*USA units a year ago. Wal-Mart (WMT) operates in a 43-state trade area, and its securities are listed on the New York and Pacific stock exchanges. -0- 4/9/92 /CONTACT: Paul R. Carter of Wal-Mart, 501-273-4184/ (WMT) CO: Wal-Mart Stores, Inc. ST: Arkansas IN: REA SU:
BR-EA -- AT002 -- 6611 04/09/92 09:11 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Apr 9, 1992|
|Previous Article:||QUAKER ANTICIPATES LOWER-THAN-EXPECTED RESULTS FOR THE THIRD QUARTER AND YEAR; ANNOUNCES STOCK REPURCHASE AUTHORIZATION|
|Next Article:||DIGITAL EXPANDS WORLDWIDE PRESENCE IN RETAIL INDUSTRY|