Wal-Mart's Comps Top Estimates

Overall, the retail sector is weaker after many chain stores post their August results.
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Many of the nation's retailers were reporting their monthly results Thursday, but with several of them showing declines in their same-store numbers, the sector was weaker overall.

Wal-Mart

(WMT) - Get Report

was a bright spot, saying its August same-store sales rose 3%, excluding fuel sales, and nearly doubling what analysts were expecting. Including fuel, the retailer's same-store sales were up 3.5%.

Total sales rose 8.7% to $30.67 billion for the month, and shares of the world's biggest retailer were up 1.1% at $60.44.

Looking ahead, Wal-Mart estimated that U.S. comparable-store sales, excluding fuel, will climb 2% to 3% in September.

Among others in the group,

Target's

(TGT) - Get Report

same-store sales fell 2.1% last month, a slightly smaller decline than analysts predicted, while total sales were up 3.1% to $4.85 billion. The stock was little changed, tacking on 4 cents.

Clothing seller

Gap

(GPS) - Get Report

saw its shares fall 1.7% after its own report, which showed a comp sales decrease of 8% and an overall revenue decline of 5%.

American Eagle Outfitters

(AEO) - Get Report

said same-store sales fell 5% in August, but total sales were up 3% to $320 million. The company also maintained its third-quarter profit forecast of 31 cents to 36 cents a share. Shares were higher by 1.6%.

Limited Brands

(LTD)

reported a comparable-store sales drop of 7% last month. Net sales were up 4% to $588.4 million. Following the report, the stock was losing 3%.

The sector-tracking S&P Retail index was falling 1.5%.

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This article was written by a staff member of TheStreet.com.