• Wal-Mart reported that its July sales rose 8.8 percent to $27.58 billion, with US same-store sales that were up 1.9 percent. Same-store sales rose 1.3 percent at Wal-Mart stores and 5.1 percent at its Sam's Club warehouse unit.
• Wild Oats reported second quarter net income of $127,000, down 97 percent compared to the same period a year ago. Q2 revenue rose five percent to $311.8 million from $296.6 million in the year-ago quarter, with same-store sales up 3.1 percent.
The company said the dramatic income drop was due to both higher costs and expenses related to its proposed acquisition by Whole Foods, though the latter has been challenged in the courts on competitive grounds by the Federal Trade Commission (FTC).
• Wild Oats reported second quarter net income of $127,000, down 97 percent compared to the same period a year ago. Q2 revenue rose five percent to $311.8 million from $296.6 million in the year-ago quarter, with same-store sales up 3.1 percent.
The company said the dramatic income drop was due to both higher costs and expenses related to its proposed acquisition by Whole Foods, though the latter has been challenged in the courts on competitive grounds by the Federal Trade Commission (FTC).
- KC's View:
