NEW YORK - the increase in gas prices added another obstacle to the campaign of Wal-Mart Stores Inc. to return to a slowing U.S. sales two years.
High income, growth in specialty Club and Wal-Mart - cost-cutting - Sam pushed net income of the largest retailer of the world 3 per cent in the first quarter, beating Wall Street expectations.
But business at home is still soft. Wal-Mart, whose headquarters is based in Bentonville, Ark., said it is to see some improvements but need more time to see if hammering his message at low prices and restocking of the elements that he had put discarded may turn around sales.
Wal-Mart offered an attitude conservative gains in the second quarter because of new headaches. He was concerned his low income customers will spend less, to its stores, as gasoline is $4 per gallon. They are already consolidating trips to stores of discount of the company to minimize the conduct.
Fears of Wal-Mart had a deep impact, because it is a bellwether of consumer spending and represents about 10% of all retail dollars spent on the United States sector.
"Despite improvements in some sectors of the economy, Walmart U.S. core clients are still stretched," said Mike Duke, President and CEO of Wal-Mart in a pre-recorded conference call Tuesday. "They remain concerned about rising gas prices, energy and food and the questions of employment." "Customers trust us to be their ally in the fight against rising prices of gas and inflation".
Stores Wal-Mart to the United States, which represent 62 percent of the company, posted their eighth straight quarter of income decreases in stores open at least a year. The comparable figure of revenue with the same quarter of the previous year and excludes the stores that were opened or closed in the year. It is an important measure of a retailer's health.
To reverse the decline, Wal-Mart is pushing to recreate the shopping experience a window to its super centres, an area he had dominated since the 1990s. Could it help attract buyers who do not wish to circulate in several stores.
Making back disgruntled customers and attract new ones, the string is in the midst of a massive effort to restock the shelves with articles, that he had ceased to carry when he was trying to clean its stores. Grocery store is replenished mainly. He is now working on the rest of the store.
Wal-Mart is also touting its return on message "Every Day low price" of founder Sam Walton with a new advertising campaign. He had already obtained this philosophy, instead offering rebates sharp that relatively little.
In a pre-recorded conference call, company officials said the changes are "gain traction". But Charles Holley, Wal-Mart chief financial officer, declined to give a timetable on when the measurement of key income growth would be.
Competitors have beaten Wal-Mart on the selection and prices. Pharmacies and the dollar stores, usually located near the houses of the shoppers, have expanded their selection to include popular food brands and offer small packages, ideal for buyers on a budget.
Aldi supermarket chain, the Germany import offer store brands at half the price of labels, also became a great player, said Craig Johnson, President of customer growth Partners, a retail consulting firm.
In addition to attempt to repair his errors, Wal-Mart invests more in line as shoppers are attracted to the Web. It provides also more small stores called Walmart Express the size of the pharmacies and less than one tenth the size of its supercenters. Also, Wal-Mart said Tuesday is the scale on plans to convert stores discount in supercenters which carry full lines of groceries.
"We want just to make sure that we have the right of assortments," Holley told a separate media appeal.
Wal-Mart from $ 3.39 billion net income rose, or 97 cents per share, in the three months ended April 30. That compares to $ 3.3 billion, or 87 cents per share, in the same period last year.
Income, excluding charges for membership of the Club of Sam stores warehouse, increased by 4.4% to 103.41 billion.
Analysts expected earnings of 95 cents on revenue of 102.76 billion, according to FactSet. Shares of Wal-Mart fell 52 cents to close at $55.54.
Wal-Mart of division posted U.S. decreased 0.3% of revenue at stores open at least a year, dragged down by a decline of 1.1% to its namesake stores. That measure rose 4.2 per cent in the Sam Clubs, which attracted more than customers because of its thrust to remodel stores and carry better quality food and other goods.
During the last quarter, grocery and health and wellness articles were the star performers. Bill Simon, President and U.S. division, CEO of Wal - Mart, said that the string is to see business as the paper products and shampoo recover basic household items.
However, clothing, electronics and home furnishings remain low. The company said that it was not able to attract customers to the grocery store to shop the aisles of clothing.
International trade of Wal-Mart, which produced 26 per cent of the income of the company, is a light spot.
Income of the international division increased by 11.5% 27.9 billion, led by gains in China, the Mexico and the Chile. The Japan company was injured by the earthquake and tsunami.
For the second quarter, Wal-Mart provides that net earnings per share between $1.05 by action and $1.10 per share. Estimates of assume that the rate of Exchange remains at its current level. Analysts predict $ 1.08 per share.
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