Devoted to Managers and those that seek to improve their management skills

Same-store sales in June for Wal-Mart (NYSE: WMT) surpassed expectations, as the company enjoyed a surge in sales, far surpassing projections, as sales grew by 5.8 percent. If you add fuel sales to the mix, they grew by 6.4 percent in June.

Expectations from analysts were at 3.8 percent for the retailing giant in June.

Groceries, along with the stimulus checks were major contributors to the growth.

Overall sales were also high, increasing by a healthy 12 percent to reach $39.94 billion.
 
Wal-Mart feels the trend will continue, and has adjusted their second-quarter guidance higher, now projecting 82 cents to 84 cents a share, up from the previous guidance of 78 to 81 cents a share. Analysts are looking at 82 cents a share for the quarter.

While there probably was a significant bump from the simulous checks, I think the growth at Wal-Mart will continue as long as times are economically tough. This gives Wal-Mart and other retail discounters a good outlook for the foreseeable future.
 
I bet their glad they dropped their obsession with building up higher end merchandise as part of their strategy. Fortunately they dropped that idea right before the bottom fell out.