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Wal-Mart's Comps Top Estimates

Overall, the retail sector is weaker after many chain stores post their August results.

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.


(WMT) - Get Walmart Inc. 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,


(TGT) - Get Target Corporation 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


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(GPS) - Get Gap, Inc. (GPS) 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 American Eagle Outfitters, Inc. 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


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