The Conservative Cave

Current Events => Economics => Topic started by: Chris_ on March 05, 2009, 11:29:43 AM

Title: Wal-Mart reports better-than-expected February sales
Post by: Chris_ on March 05, 2009, 11:29:43 AM

Quote

Wal-Mart reports better-than-expected February sales

NEW YORK (Reuters) - Wal-Mart Stores Inc (NYSE:WMT - News) reported a higher-than-expected 5.1 percent rise in February sales at U.S. stores open at least a year, saying lower gas prices meant shoppers had more money to spend in its discount stores.

Analysts on average were expecting the company's same-store sales to increase 2.4 percent, according to Thomson Reuters Estimates.

"We believe falling gas prices significantly boosted household disposable income in February and therefore allowed for both more trips and more spending toward discretionary categories," Vice Chairman Eduardo Castro-Wright said in a statement on Thursday.

The world's biggest retailer said net sales in the month ended on February 27 rose 2.8 percent to $30.02 billion.

That outta a$$'splode a few DUmmie heads.   :-)

MORE (http://finance.yahoo.com/news/WalMart-reports-rb-14552160.html)

Title: Re: Wal-Mart reports better-than-expected February sales
Post by: thundley4 on March 05, 2009, 12:01:01 PM

Quote from: lug-nut on March 05, 2009, 11:29:43 AM

That outta a$$'splode a few DUmmie heads.   :-)

MORE (http://finance.yahoo.com/news/WalMart-reports-rb-14552160.html)

Due to the recession caused by Booosh, people can only afford to shop at Walmart. /DU mode off

I did see on FNC this morning that Tiffany is plummeting and some dollar store stock price is climbing.