Wal-Mart Sees A Slight Sales Increase In April
Wal-Mart had a slight increase in sales in April, but didn’t quite meet the expectations of Wall Street analysts.
Wal-Mart discount store sales went up 0.1%, while Sam’s Club sales went up 4.9 percent%. The company was expecting same-store sales to be 2% at the most.
According to MarketWatch:
On a recorded sales call, Wal-Mart said that food sales were stronger than general merchandise sales and added that average ticket sales drove the comparable-store increase while traffic for the month declined.
Wal-Mart rang up total sales of $22.30 billion, a 7.4% rise over last year’s $20.76 billion. At the Wal-Mart stores, sales were up 6.1% to $14.82 billion, while they climbed 7.5% to $2.94 billion at Sam’s Club.
Wal-Mart’s net sales came to $22.3 billion, a 7.4% increase from last year’s $20.77 billion. Much of this is owed to international growth.
Wal-Mart expects sales to increase by 2% to 4% in May.