Wal-Mart Stores net sales for the five-week period ending October 3, 2003, of $23.390 billion, an increase of 13.0 percent over the $20.703 billion in the similar period in the prior year. Sales for the thirty-five week period were $163.510 billion, an increase of 11.2 percent over $147.035 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 five-week period were $15.850 billion, up 12.7 percent over sales of $14.064 billion in the similar prior year period. The division's sales for thirty-five weeks of $111.122 billion were up 10.6 percent over the $100.507 billion in the similar prior-year period.
SAM'S CLUB sales for the five-week period were $3.210 billion, up 11.8 percent over sales of $2.870 billion in the similar prior year period. Club sales for the thirty-five weeks of $22.343 billion were up 8.6 percent over the $20.575 billion in the similar prior-year period.
The International division's sales for the five-week period were $4.330 billion, up 14.9 percent over sales of $3.769 billion in the similar prior year period. The division's sales for the thirty-five weeks of $30.045 billion were up 15.8 percent over the $25.953 billion in the similar prior-year period.
Comparable sales for the periods ending October 3, 2003, were as follows:
5 Weeks 35 Weeks This Year Last Year This Year Last Year Wal-Mart 5.6% 3.6% 3.6% 6.7% SAM'S CLUB 8.2% 1.6% 4.4% 3.9% Total US Retail 6.0% 3.3% 3.8% 6.2%
For the October four-week period, we are estimating 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.
After consideration of stock options and debt securities that are convertible to common stock, Wal-Mart owns a 36% interest in Seiyu, Ltd. with warrants to purchase up to 66.7% of that company by the end of December 2007. Seiyu operates over 400 stores located throughout Japan.