Wal-Mart May sales up 9.8%

BENTONVILLE, Ark. Wal-Mart Stores reported that total company sales for May increased 9.8% to $31 billion from $28 billion for the same period last year. Total U.S. comparable-store sales for the month (excluding fuel) increased 3.9%.

Tom Schoewe, evp and cfo said the company estimates June U.S. comps (excluding fuel) to increase between 2% and 4%. "This guidance represents both the underlying strength of our existing U.S. businesses and the potential benefit from the stimulus checks."