If I were to guess, I would predict a slight continued increase this week in it's share value.
today.reuters.com/news/newsAr...MART-SALES.xml (external - login to view)
Wal-Mart sees same-store sales up
Sun Oct 2, 2005 1:24 AM ET
CHICAGO (Reuters) - Wal-Mart Stores Inc. on Saturday estimated that September sales rose 3.8 percent at U.S. stores open at least a year, near the high end of its forecast range, in a month that saw stores shut down due to two hurricanes.
Demand for hurricane recovery supplies like bottled water and clothing, as well as higher prices for the gasoline sold at its Sam's Club warehouse stores, boosted sales in the five weeks ended Friday. Excluding higher gasoline prices, sales at stores open at least a year -- or same-store sales -- would have been up 3.2 percent, Wal-Mart said.
The world's biggest retailer had forecast a 2 percent to 4 percent increase in September same-store sales. Wal-Mart will issue its final September sales report on Thursday.
Wal-Mart closed as many as 155 stores in the path of Hurricane Rita. As of Saturday, the retailer said all but three stores closed had been reopened. Some 12 stores remained closed due to Hurricane Katrina of the 126 locations that had been shut at some point, Wal-Mart said.
The retailer had said demand increased for supplies like bottled water, canned meat and batteries in preparation for Hurricane Rita. Wal-Mart also saw strong sales of basic clothing and cleaning supplies during the month as victims recovered from Hurricane Katrina.
Analysts are watching Wal-Mart's sales particularly closely for indications of how lower-income consumers are coping with rising energy costs. The retailer has cautioned that steep fuel prices will curb consumer spending and also raise its transportation costs.
Wal-Mart is expected to give an updated quarterly profit forecast along with its final September sales on Thursday. The retailer estimated in August that fiscal third-quarter earnings would be between 55 cents and 59 cents per share.