Wal-Mart Stores, Inc. has reported net sales for the four-week and 30-week periods ending August 25, 2006, and August 26, 2005.
The net sales for the company’s International segment for the four-week and 30-week periods ending August 25, 2006, and August 26, 2005, do not include the sales of our discontinued operations in Germany and South Korea.
The 34.3% increase for the four-week period and the 29.9% increase for the 30-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 18.7 and 18.2 percentage points to the net sales increases in International for the four-week and 30-week periods, respectively.
“We saw sales momentum for the August period build throughout the month. Our customers focused spending on food, consumables, and items for back to school,” said Tom Schoewe, executive vice president and chief financial officer of Wal-Mart Stores, Inc. “We achieved our plan in sales for school supplies and back to college. Customers also responded well to items in electronics, and to our basic and fashion clothing offerings in apparel for the back to school season.”
The Company’s back to school advertising messages were more focused on students, especially teens, this year. The back to college circular featured appliances, storage, apparel, electronics, snack food and health and beauty aids.
“The weather trends in August also helped drive strength in fans and air conditioners, as well as summer seasonal items,” Schoewe added.
The estimate for comparable sales in the United States for the September five-week period is 1 to 3 percent.