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Kmart Same-Store Sales Rose 0.7% in December



said same-store sales rose 0.7% for the five weeks ended Dec. 27, slightly ahead of Wall Street's expectations.

Analysts on average polled by

First Call/Thomson Financial

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expected a same-store sales increase of 0.6%. Total sales for the month fell 1.4% to $6.06 billion, down from $6.14 billion in the year-ago period.

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The company said it was "pleased" with the December numbers, which follow a same-store sales increase of 3.3% in November. "We are on track to deliver most, if not all, of our commitments while closing the performance gap to our discount competitors in sales growth, in-stock position, working capital productivity and customer service levels," the company said in a statement.

Shares of Kmart, which is based in Troy, Mich., gained 63 cents, or 11.5%, to $6.06 in recent

New York Stock Exchange