Feeding Frenzy At Wal-Mart Produces 5.7% Rise in November Comp

Wal-Mart Stores reported net sales for the four-week period ending November 28, 2003, of $21.657 billion, an increase of 11.2 percent over the $19.471 billion in the similar period in the prior year. Sales for the forty-three week period were $203.969 billion, an increase of 11.3 percent over $183.277 billion in the similar period in the prior year.

On May 23, 2003, Wal-Mart Stores, Inc. completed the sale of McLane
Company, Inc. (“McLane”), then a wholly-owned subsidiary, to Berkshire
Hathaway Inc. The amounts disclosed above are from continuing operations and
exclude McLane sales for all periods presented.

The Wal-Mart division's sales for the four-week period were $14.764
billion, up 10.8 percent over sales of $13.326 billion in the similar period
in the prior year. The division's sales for forty-three weeks of $138.342
billion were up 10.6 percent over the $125.045 billion in the similar period
in the prior year.

SAM'S CLUB sales for the four-week period were $2.842 billion, up
7.4 percent over sales of $2.646 billion in the similar period in the prior
year. Club sales for the forty-three weeks of $27.822 billion were up 8.6
percent over the $25.625 billion in the similar period in the prior year.

The International division's sales for the four-week period were
$4.051 billion, up 15.8 percent over sales of $3.499 billion in the similar
period in the prior year. The division's sales for the forty-three weeks of
$37.805 billion were up 15.9 percent over the $32.607 billion in the similar
period in the prior year.

Comparable sales for the periods ending November 28, 2003, were as
follows:

                                4 Weeks                43 Weeks
                         This Year   Last Year   This Year   Last Year
    Wal-Mart               3.7 %       2.8 %       3.7 %       6.2 %
    SAM'S CLUB             4.7 %       1.3 %       4.6 %       3.1 %
    Total US               3.9 %       2.6 %       3.8 %       5.7 %

For the December five-week period, we are forecasting comparative sales
for the total Company to be in the 3 to 5 percent range. Our sales
information will be updated weekly. The update is posted on Monday with the
exception of the week of the official sales release date, when the posting
occurs on Thursday.