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WAL-MART STORES REPORTS AUGUST SALES

 BENTONVILLE, Ark., Sept. 2 /PRNewswire/ -- Wal-Mart Stores, Inc. (NYSE: WMT; PSE), today reported net sales for the month of August of $5,591,000,000, an increase of 20 percent from sales of $4,661,000,000 in the same period a year earlier.
 For the seven months ending Aug. 31, net sales increased 22 percent to $35,748,000,000 from $29,339,000,000 for the same period a year ago.
 Same store sales increased 4 percent for the month of August and 5 percent for the seven months ended Aug. 31.
 Sam's Clubs had sales of $1,210,000,000, up 15 percent for the month, and $7,909,000,000, up 20 percent for the seven months ended Aug. 31. Same club sales decreased 7 percent for the month and 2 percent for the seven months.
 David Glass, president and chief executive officer, commented, "Cannibalization in many of the Sam's markets, coupled with disinflation in key merchandise categories accounted for the majority of the decrease in that division's comparable sales.
 "Our underlying sales trends as of Aug. 31 are about the same as they were at the end of July, which should keep us on track to achieve our sales objectives for the remainder of the year."
 The company had 1,954 Wal-Mart stores (includes 58 Supercenter stores), and 317 Sam's Clubs in operation at Aug. 31, compared with 1,784 Wal-Mart stores (includes 12 Supercenter stores), and 236 Sam's Clubs a year ago.
 Wal-Mart (WMT) operates in a 48-state trade area and its securities are listed on the New York and Pacific stock exchanges.
 -0- 9/2/93
 /CONTACT: Paul R. Carter of Wal-Mart Stores, 501-273-4184/
 (WMT)


CO: Wal-Mart Stores, Inc. ST: Arkansas IN: REA SU:

BR-TS -- AT001 -- 8263 09/02/93 08:52 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
Words:300
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