- Wal-Mart de Mexico (Walmex) reported a 5.6 percent jump in November same-store sales, way beyond analysts expectations for growth that would be between two and three percent.
Walmex’ total sales in November were the equivalent of $911.9 million (US), up 14.2 percent from November last year after adjustment for inflation,
- In Canada, Sobey’s reported that second quarter same store sales
rose 2.4 percent, with total sales for the quarter reaching the equivalent of $1.7 billion (US), up from last year’s Q2 sales of $1.5 billion. Net income for the quarter was $29.9 million (US), compared to $22.5 million (US) for the period last year.
- Rite Aid Corporation announced that for the five weeks ended November 30, 2002, same store sales rose 5.6 percent over the prior-year period. Pharmacy same store sales were up 8.6 percent, while front-end same store sales were up 0.7 percent.
Total drugstore sales for the five-week period rose 2.8 percent to $1.505 billion compared to $1.464 billion for the same period last year. Prescription revenue accounted for 63.8 percent of drugstore sales.
Same store sales for the quarter ending November 30 increased 6.7 percent, consisting of a 9.6 percent pharmacy same store sales increase and a 1.9 percent increase in front-end same store sales.
Total drugstore sales for the quarter gained 4.1 percent to $3.875 billion from $3.723 billion in last year's like period.
Kroger posted third quarter earnings that were down 6.6 percent to $263.0 million from $281.6 million the year before.
Total sales rose 2.8 percent to $11.7 billion.
Kroger said it now expects 2003 earnings to be essentially unchanged from 2002 rather than up 10 to 12 percent as originally projected.
- KC's View: