3 March 2005 – Bentonville (AK): Wal-Mart has announced that same-store sales grew by 4.1 per cent in February, just beating Wall Street expectations, which were between 2 and 4 per cent.
Total retail sales jumped 11 per cent to $22.37 billion from $20.16 billion a year earlier.
Food sales were stronger than general merchandise, said the retail giant, and likely boosted by demand for snacks during the Super Bowl early in the month. But sales slowed in the northeast during the last week due to a snowstorm.
The company has seen good initial demand for Easter items and said it expected same-store sales in March to be similar or better than February’s figures.