Wal-Mart Stores' November same-store sales rise

BENTONVILLE — Wal-Mart Stores Inc. says November same-store sales rose 3.4 percent, as consumers shopped more ahead of the holidays as gas prices dropped.

Same-store sales, or sales at stores open at least one year, rose 3.4 percent at Wal-Mart stores and 3.5 percent at its Sam's Club warehouse division. Including fuel, same-store sales rose 3 percent.

Analysts surveyed by Thomson Reuters, on average, had expected same-store sales to rise 2.1 percent.

Total sales rose 2 percent to $32.21 billion, hurt by an 11 percent decline in international sales due to the stronger dollar. In the U.S., sales of groceries boosted results.

The company expects December same-store sales to rise at the high end of a 1 percent to 3 percent range.

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