WAL-MART HURT BY GAS PRICES

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

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 cost

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TAGS: Walmart