Wal-Mart Shares are Treading Water, Despite Improved Sales
Shares of Wal-Mart (NYSE:WMT) are trading lower today, despite having reported to investors that the company expects its US stores to have improved their same-store sales metrics. Barron’s is reporting that “the company also said it will hold expenses down, keeping capital expenditures at $13 billion to $14 billion both this year and next year, even though Wal-Mart plans to grow square footage by 4% to 5%.”
The shares, which have traded in a $2.22 range over the past decade, are down $0.10, to $55.11 today. The shares have traded in a 52-week range of $48.31 to $57.90 and its market capitalization is $189.98 billion. About the company: Wal-Mart Stores, Inc. operates discount stores, supercenters, and neighborhood markets. The Company’s discount stores and supercenters offer merchandise such as apparel, housewares, small appliances, electronics, and hardware. Walmart’s markets offer a full-line supermarket and a limited assortment of general merchandise. The Company operates nationally and internationally.
The company’s competitors include Target Corporation (NYSE:TGT), Costco Wholesale Corp. (NASDAQ:COST), PriceSmart, Inc. (NASDAQ:PSMT), Dollar General Corp. (NYSE:DG), and Family Dollar Stores (NYSE:FDO).
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
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