Wal-Mart May sales up 9.8 percent

BENTONVILLE, Ark. Wal-Mart Stores reported that total company sales for May increased 9.8 percent 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 percent.

Tom Schoewe, executive vice president and chief financial officer said the company estimated June U.S. comps (excluding fuel) to increase between 2 percent and 4 percent. "This guidance represents both the underlying strength of our existing U.S. businesses and the potential benefit from the stimulus checks."