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  • ivodirect ivodirect May 8, 2008 7:38 AM Flag

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    Wal-Mart tops monthly sales forecast

    May 8, 2008: 7:30 AM EDT

    NEW YORK (CNNMoney.com) -- Wal-Mart Stores on Thursday reported monthly sales at its stores that topped its own forecast.

    The No. 1 retailer said sales at its stores open at least a year, a key measure of retail performance known as same-store sales, rose 3.2% in April. Wal-Mart has forecast sales to increase between 1 to 3% for the month.

    Additionally, it said sales were also higher for over-the-counter medications. But sales of home-related merchandise continued to be weak.

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