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7:16:00 AM EDT
Wal-Mart sees same-store sales up
Reuters
Saturday, October 1, 2005; 9:55 AM
CHICAGO (Reuters) - Wal-Mart Stores Inc. on Saturday estimated that September sales rose 3.8 percent at U.S. stores open at least a year, near the high end of its forecast range, in a month that saw stores shut down due to two hurricanes.
Demand for hurricane recovery supplies like bottled water and clothing, as well as higher prices for the gasoline sold at its Sam's Club warehouse stores, boosted sales in the five weeks ended Friday. Excluding higher gasoline prices, sales at stores open at least a year -- or same-store sales -- would have been up 3.2 percent, Wal-Mart said.
Wal-Mart Stores Inc.on Saturday estimated that September sales rose 3.8 percent at U.S. stores open at least a year, near the high end of its forecast range, in a month that saw stores shut down due to two hurricanes.The world's biggest retailer had forecast a 2 percent to 4 percent increase in September same-store sales. Wal-Mart will issue its final September sales report on Thursday.
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