BENTONVILLE, Ark. - Wal-Mart Stores here said last week it expects higher gasoline and utility prices to pressure second-quarter results. Speaking with analysts in a conference call, Thomas W. Schoewe, executive vice president and chief financial officer, said rising fuel costs affected comparable-store sales late in the first quarter that ended April 30, noting that customer traffic declined slightly "toward the end of the quarter, [when] we clearly saw the impact of rising fuel costs on ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.