Wal-Mart Dec comps rise 2.7 percent

Wal-Mart Stores Inc. said Thursday its December same-store sales rose 2.7 percent to outstrip analyst expectations, boosted by brisk sales of food, pharmacy and electronics.

Same-store sales, or sales at stores open at least one year, is an important indicator of retailer performance since it measures sales at existing stores rather than newly opened ones.

Excluding fuel sales, which benefited from higher average gasoline prices, same-store sales rose 2.4 percent. Wall Street expected a 1.8 percent increase, according to Thomson Financial.

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- Posted: 2008-01-10 10:08:28

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