Wal-Mart Stores, Inc. reported net sales for the month of fiscal month of September increased 7.9% to $20.091 billion. Comparable store sales increased 1.3%.
5 Weeks Ended 35 Weeks Ended Percent Percent 9-29-2006 9-30-2005 Change 9-29-2006 9-30-2005 Change Wal-Mart Stores $20.091 $18.618 7.9% $145.453 $134.160 8.4% Sam's Club 3.836 3.789 1.2% 27.322 26.014 5.0% International 7.282 5.517 32.0% 49.337 37.891 30.2% Total Company $31.209 $27.924 11.8% $222.112 $198.065 12.1%
Comparable sales for the periods ending September 29, 2006, and September 30, 2005, were as follows:
5 Weeks Ended 35 Weeks Ended 9-29-2006 9-30-2005 9-29-2006 9-30-2005 Wal-Mart Stores 1.3% 2.9% 2.4% 3.4% Sam's Club 1.1% 6.4% 3.0% 3.5% Total U.S. 1.3% 3.4% 2.5% 3.4%
The net sales for the Company's International segment for the five-week and 35-week periods ending September 29, 2006, and September 30, 2005, do not include the sales of the discontinued operations in Germany and South Korea. After receiving Korea Fair Trade Commission approval on September 27, 2006, Shinsegae Co., Ltd. and Wal-Mart Stores, Inc. concluded the sale of Wal-Mart's interest in Wal-Mart Korea to Shinsegae on September 28.
The 32.0% increase for the five-week period and the 30.2% increase for the 35-week period in International's net sales include sales from the consolidation of Seiyu and Wal-Mart Central America and the acquisition in Southern Brazil. These entities added 17.7 and 18.1 percentage points to the net sales increases in International for the five-week and 35-week periods, respectively.
“Consumers continued to rely on Wal-Mart for food and consumables during September,” said Tom Schoewe, executive vice president and chief financial officer. “Throughout Wal-Mart Stores and Sam's Clubs, the pharmacy business was strong again, as it has been all year.
“Our apparel sales did not meet our expectations for the month. We're pleased, however, to see early response to seasonal merchandise for fall and the holidays,” Schoewe added. “We are optimistic about holiday-related merchandise like toys and electronics.”
According to Schoewe, stores and clubs this year were negatively affected by comparisons to last September's comparable sales numbers from the hurricanes.
The estimate for the comparable sales in the United States for the October four-week period is 2 to 4 percent.
“Based on the results of the first two months, we estimate that the earnings per share for the third quarter of fiscal 2007 will be within our previously stated guidance of $0.59 to $0.63,” Schoewe said.