Same store sales at Walmart Brazil grow 8.1% in 3Q

SÃO PAULO-Walmart''s sales in Brazil in the same store concept 8,1% grew in the third quarter compared to the same period last year, in nominal terms, with the giant retailer noting that Sam''s formats and atacarejo showed double-digit growth in sales.
The U.S. company also showed 0,5% growth in traffic and the average value of purchases increased 7,6% in Brazil, according to the Group''s results released on Thursday.
Net sales in the country increased by 3,1% in nominal terms. Already operating profit and gross margin have retreated, but the company gave no details.
Walmart also pointed out that stocks in operation in Brazil grew at a slower rate than sales.
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In General, the numbers represent an improvement in relation to the performance of the second quarter, when there was high of 4,7% sales and 3,5% drop in traffic in the same stores, while net sales yielded 0,4%.
Also signaling improvement in the third quarter of last year, when, in the same store concept, had sales of 0,6% and traffic decline fell 3,1%. Net sales in that period retreated 0,4%.
Wal-Mart announced Thursday net profits attributable to shareholders of 3.03 billion dollars, or 0.98 dollar per share, in the quarter ended Oct. 31, less than the 1.03 dollar paper obtained in the same interval last year.
Despite this, Walmart has reviewed the profit projection adjusted per share in the fiscal year to $4.35 to 4.20, up from the previously expected range of 4.15 to 4.35 dollars.