Wal-Mart Posts February Sales Increase
Wal-Mart Stores posted a 4.1% increase in February sales at U.S. stores open over a year.
This beat the company’s own forecast as well as estimates from analysts. Wal-Mart expects similar results in March.
According to a Reuters article,
“Wal-Mart had forecast a 2 to 4 percent increase in February same-store sales. Analysts on average forecast 3.8 percent, according to Reuters Estimates.
Total sales in the four weeks ended Feb. 25 rose to $22.37 billion.
Same-store food sales were stronger than general merchandise, Wal-Mart said.
Traffic and the average check were both up, the company said.”
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