Wal-Mart Says Warm Weather Helped June Sales

The company believes same-store sales will rise 2% to 4% for the five weeks ending July 4.
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Wal-Mart

(WMT) - Get Report

said on Monday its June sales are on track to meet previous forecasts, as warmer weather brought customers into stores.

Sales in stores open at least a year are expected to rise between 2% and 4% for the five weeks ending July 4, after the company's locations had a lackluster performance during the rainy spring season.

Same-store sales at Wal-Mart stores rose at a much faster clip of 7.9% in June 2002. The company will report its monthly results on July 10.

For the week ended June 27, Wal-Mart's strongest sales categories included swimwear, office supplies, toys and paint. The discount retailer also reported selling over 1 million copies of the latest

Harry Potter

book.

Wal-Mart, the world's largest retailer, said both traffic and average spending per customer helped sales. Stores along the East Coast were the strongest.

Shares of Wal-Mart lately were up 57 cents, or 1%, at $54.37.