IE 11 is not supported. For an optimal experience visit our site on another browser.

Wal-Mart sees sales at low end of estimates

Wal-Mart Stores Inc. Saturday said sales at stores open at least a year rose 2.3 percent for September, near the low end of expectations, according to its preliminary tally.
/ Source: Reuters

Wal-Mart Stores Inc. Saturday said sales at stores open at least a year rose 2.3 percent for September, near the low end of expectations, according to its preliminary tally.

The world’s largest retailer had forecast a same-store sales increase of 2 percent to 4 percent for the five weeks ended Friday.

Wal-Mart said the sales were an estimate and subject to change due to accounting reconciliations conducted after the period end.

Bentonville, Arkansas-based Wal-Mart said the strongest categories continued to be bedding, electronics, food, pet supplies and sporting goods. The company also cited sales of televisions, DVDs and DVD players as strong sales items.

Wal-Mart said that cool weather in the prior year made comparisons difficult and that the U.S. South and West were the strongest regions for the week.

The sales report Saturday is an early look at September sales for the U.S. retail industry. Most retailers will report sales Oct. 7.