Wal-Mart Sees April Sales at Low End of Range

The retailer cited the scheduling of Easter and tough comparisons.
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said Monday that April same-store sales will likely come in toward the low end of its projected range due to the earlier Easter holiday this year and a tough year-over-year comparison.

On the news, shares of the Bentonville, Ark.-based company were slightly lower in Monday trading, lately down 23 cents, or 0.4%, at $58.21.

The company expects April same-store sales growth for the four weeks ending April 30 to be near the low end of its 4% to 6% expectations. Wal-Mart said traffic made up two-thirds of the same-store sales increase in the week ended April 16.

In comparison, Wal-Mart had a 4.6% increase in same-stores sales in April 2003.

The strongest categories for the week in the U.S. were electronics, food, office supplies, toys, pet supplies, lawn and garden materials and sporting goods. The Southeast and East were the strongest regions, Wal-Mart said.

Wal-Mart will release April sales results on May 6.