Wal-Mart Stores reported net sales for the five-week period ending April 1, 2005, and April 2, 2004 climbed 11.3% to $28.97 billion. Comparable store sales increased 4.3%.
Sales Chart follows (dollars in billions):
5 Weeks Ended 9 Weeks Ended Percent Percent 4-1-2005 4-2-2004 Change 4-1-2005 4-2-2004 Change Wal-Mart Stores $18.683 $16.722 11.7% $33.817 $30.350 11.4% SAM'S CLUB 3.563 3.384 5.3% 6.386 6.062 5.3% International 5.730 5.025 14.0% 10.141 8.881 14.2% Total Company $27.976 $25.131 11.3% $50.344 $45.293 11.2% Comparable sales for the periods ending April 1, 2005 and April 2, 2004, were as follows: 5 Weeks Ended 9 Weeks Ended 4-1-2005 4-2-2004 4-1-2005 4-2-2004 Wal-Mart Stores 4.8% 5.7% 4.3% 5.8% SAM'S CLUB 2.1% 8.3% 2.9% 8.1% Total U.S. 4.3% 6.1% 4.0% 6.2%
With two months completed in the fiscal quarter, we now estimate earnings will come in around the low end of our previous estimate of $0.56 to $0.58 per share. Given the shift in Easter and the unseasonable weather, we now estimate comparable sales in the U.S. for the April period to be in the 0 to 2 percent range. For the retail quarter, we expect comparable sales to be at the low end of our previous guidance of 3 to 5 percent.