This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wal-Mart October Sales Rise 0.5%

Wal-Mart (WMT - Get Report) Saturday issued an October sales estimate that could give its fans a fright.

The Bentonville, Ark.-based company said U.S. same-store sales for the four-week period ending Friday rose just 0.5%. A closely watched industry metric, same-store sales measure the year-over-year change at stores that have been open for more than one year.

The October gain falls significantly short of the company's recently lowered forecast. On Monday, Wal-Mart executives said in a conference call that October sales were tracking closer to September's 1.3% rise, The Wall Street Journal reported.

Previously, Wal-Mart had predicted a 2% to 4% gain in October.

October's rise is also Wal-Mart's weakest monthly gain since December 2000, the Journal noted.

In a brief statement Saturday, Wal-Mart offered no explanation for the lower-than-expected sales. The company plans to issue a full October sales report Thursday, when most major U.S. retailers are expected to announce monthly results.

Wal-Mart shares lost $1.02 Friday to close at $50.73.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
WMT $77.65 0.01%
AAPL $125.01 -0.63%
FB $78.10 0.70%
GOOG $524.22 -1.24%
TSLA $230.43 -1.08%

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs