Shares of Wal-Mart (WMT) were last down 0.6% to $48.60 as of 08:45 in the pre-market, despite its release of November sales data showing same-store-sales growth of 1.5%, which beat analysts' estimate of +1.2%. Wal-Mart had forecast sales to be flat to +2.0%. Total monthly sales increased 8.4% to $31.72 billion. Wal-Mart said sales at its namesake Wal-Mart stores -- comparable +1.0%, total +4.8% to $20.17B -- were driven by grocery and pharmacy, with Black Friday sales strong across the board. Sam's Club warehouse comparable sales rose +4.3%, with total sales growth of 8.7% to $3.62B. Wal-Mart International recorded 18.6% higher sales to $7.93B. CFO Tom Schoewe said the company expects December comparable sales to rise 1% to 3%. Wal-Mart gained 1.5% to $48.90 on Wednesday.
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Earnings call transcript: Wal-Mart F3Q08