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Earnings Analysis: 
Wal-Mart Same-Store Sales Ahead of Estimates
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:53 AM EDT August 31 2006


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Wal-Mart Stores, retailer, reported same-store sales at its U.S. same-store sales advanced 2.7% in August. The company topped analysts’ estimate for an increase of 2.5%. The same-store sales performance broke down to a 2.5% rise at the company namesake stores and a 3.4% increase at its Sam''s Club stores for the month.

 
Wal-Mart Stores, (WMT: chart), said that the same-store sales performance broke down to a 2.5% rise at the company''s namesake stores and a 3.4% increase at its Sam''s Club stores for the month. Total sales jumped 12.5% in August to $25.97 billion from $23.07 billion in the same period a year earlier. The company said it expects U.S. same-store sales to rise between 1% and 3% in September.

Blyth Inc, (BTH: chart), decoration products provider, reported a Q2 loss of $2.24 a share, down from earnings of 10 cents a share a year-ago. On a continuing operations basis, the company lost 52 cents a share in Q2. The latest results include a pre-tax goodwill impairment charge of $36.8 million. If not for the charge, the company said it earned 13 cents a share in Q2. Sales rose 2% in Q2 from the same period a year earlier. The company missed analysts’ estimate for a loss of 4 cents a share.

Del Monte Foods Co, (DLM: chart), food company, reported that Q1 net income fell to 3 cents a share, from 8 cents a year ago. If not for discontinued operations, earnings came to 4 cents a share. Sales for Q1 increased to $674.1 million from $616.6 million. The company missed analysts’ views for earnings from continuing operations of 4 cents a share.. For Q2, Del Monte forecast earnings from continuing operations at 5 cents to 7 cents a share, including expenses accruing to 7 cents a share.

Family Dollar Stores, (FDO: chart), discount retailer, reported that same-store sales advanced 4% in August and raised earnings estimates for its Q4. The company topped analysts’ expectations for a gain of 3.8%. The company also said it expects better-than-expected cost control and a more favorable mix will positively impact results in its Q4. It now expects earnings of 22 cents to 24 cents a share in Q4, compared to its previous expectations of 19 to 22 cents.

Federated Department Stores Inc, (FD: chart), department stores operator, reported that same-store sales rose 3.8%, missing analysts expectations for it to post a same-store sales gain of 4%. Total sales for period rose 61.6% to $1.73 billion. Federated expects same-store sales to increase by 3% to 5% in September.
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