Wal-Mart May Comps Rise 2.1%

Wal-Mart Stores, Inc. reported net sales for the four-week period ending May 30, 2003, of $18.953 billion, an increase of 10.0 percent over the $17.231 billion in the similar period in the prior year. Sales for the seventeen-week period were $77.322 billion, an increase of 9.9 percent over $70.331 billion in the similar period in the prior year.

On May 23, 2003, Wal-Mart Stores, Inc. completed the transaction to sell McLane Company, Inc. (“McLane”), a wholly owned subsidiary. The amounts disclosed above do not include McLane sales for the comparative periods. If McLane sales were included through May 23, 2003, the sales increase would be 9.4 percent for both the four-week and seventeen-week periods respectively.

The Wal-Mart division’s sales for the four-week period were $12.852 billion, up 9.0 percent over sales of $11.794 billion in the similar prior-year period. The division’s sales for the seventeen weeks of $52.542 billion were up 9.2 percent over the $48.097 billion in the similar prior-year period.

SAM’s CLUB sales for the four-week period were $2.599 billion, up 6.3 percent over sales of $2.445 billion in the similar prior-year period. Club sales for the seventeen weeks of $10.615 billion were up 7.2 percent over the $9.904 billion in the similar prior-year period.

The International division’s sales for the four-week period were $3.502 billion, up 17.0 percent over sales of $2.992 billion in the similar prior-year period. The division’s sales for the seventeen weeks of $14.165 billion were up 14.9 percent over the $12.331 billion in the similar prior-year period.

Comparable sales for the period ending May 30, 2003, were as follows:

                           4 Weeks                17 Weeks
                     This Year Last Year   This Year  Last Year
    Wal-Mart            2.1%      6.8%        2.4%       8.0%
    SAM's CLUB          1.8%      3.7%        2.2%       5.0%
    Total US Retail     2.1%      6.2%        2.4%       7.5%