Total company sales climbed 9.8% to $31.04 billion. The biggest growth came from its international division, which saw sales jump 16.6% to $7.74 billion. At Wal-Mart Stores (U.S.), sales rose 7.8% to $19.5 billion. Sam Club's total revenues advanced 7.3% to $3.8 billion.
Comparable store sales in the Wal-Mart U.S. segment during the four-week May period were strong in grocery, health and wellness and entertainment. The home area showed its first comparable store sales increase in more than two years.
“The Wal-Mart U.S. underlying business continues to be strong. Our comparable store sales continue to increase because of our price leadership, merchandising initiatives and operational improvements. We also believe we're seeing some benefits from the stimulus checks,” said Eduardo Castro-Wright,
Ongoing price initiatives continue to support the strength of grocery. Entertainment items remained strong, led by flat-panel TVs, desktop and laptop computers, and digital products. Sales in health and wellness increased with the expansion of the $4 prescription program, which now includes more than 1,000 over-the-counter medications priced at $4 or less.
In a difficult economic environment for home, the category had positive comparable sales due to an emphasis on presentation of branded merchandise and Mother's Day. Seasonal categories dependent on weather were soft.
Sam's Club
Sam's Club experienced sales strength during the May period in fresh foods, dry grocery and consumables. Within general merchandise, video games and residential furniture were strong. Apparel, house wares and fine jewelry were soft during the May period. Within the seasonal categories, sales of outdoor grills and gardening items were stronger than patio sets.
“We're pleased to see comparable club traffic and ticket growth with both Business and Advantage members,” said Doug McMillon, Sam's Club president and CEO. “Whether or not you own a small business, value is even more important in this environment.”
Fuel sales were higher both in gallons and dollars sold, increasing comparable club sales by 2.9 percentage points.
Wal-Mart International
Wal-Mart International's sales for the May period were strongest in the
“The international business delivered another solid sales performance in May, reinforcing that our price leadership strategy works around the world,” said Mike Duke, vice chairman, Wal-Mart International.
In the
In the 17 weeks ended May 30, total sales advanced 9.1% to $126.4 billion. Wal-Mart Stores revenues were up 6.2% to 79.2 billion, but were up just 0.1% on a comp basis.. Sam's Club gained 6.6% to 15 billion, and rose 4.8% on a comp basis. International jumped 18.3% to 32.1 billion.
“Our estimate for U.S. comparable store sales, excluding fuel, for the June five-week period is between two and four percent,” said Tom Schoewe, executive vice president and chief financial officer. “This guidance represents both the underlying strength of our existing