expects April same-store sales to be at the low end of its own forecast, citing cold weather.
The company now expects comparable sales for the period ending May 2 to be at the low end of its 5% to 7% growth guidance. The company said demand for spring clothing was down after an unseasonably cold week ended April 25. The April same-store sales period began on April 5.
The strongest product categories during the week were boys' apparel, food, electronics, toys, Easter items and greeting cards. Stores in the Southeast and Midwest had the strongest results, the company said.
Shares of Bentonville, Ark.-based Wal-Mart were recently up a little over 1% at $55.74.