Wal-Mart Stores Inc reported net sales for the 4-week and 13-week periods ending April 28, 2006, and April 29, 2005, respectively as follows (dollars in billions):
Due to the Easter shift and SAM'S CLUB being closed on Easter, sales for the SAM'S CLUB segment contained one less day than last year.
The 29.9 percent increase for the 4-week period and the 23.5 percent increase for the 13-week period in International includes the impact of three transactions in the fourth quarter of Fiscal Year 2006.
These transactions include:
The consolidation of The Seiyu, Ltd of which Wal-Mart now owns approximately 53 percent.
The purchase of Sonae Distribution Brasil, S.A., now referred to as Southern Brazil the purchase of one-third of the Central American Retail Holding Company, or CARHCO. The Company now owns 51 percent of that company, which is now operated as Wal-Mart Central America.
"With a 6.8 comp in April, we were pleased with strong seasonal sales for Easter," said Tom Schoewe, Wal-Mart Stores Inc executive vice president and chief financial officer. "Rising fuel costs were overshadowed by the customers' response to merchandise in apparel for the entire family and consumables.
"April was a strong month for toys, from traditional items like dolls, balls and outdoor toys to electronics," Schoewe said. "We have seen customers buying more toys, video games, music and movies, in addition to candy, to fill Easter baskets."
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