NEW YORK (Reuters) - Wal-Mart Stores Inc
But sales at its namesake stores continue to lag, and the world's largest retailer forecast a U.S. same-store sales gain of 1 percent to 3 percent for the holiday-heavy month of December.
Analysts, on average, were expecting November same-store sales to rise 1.2 percent, according to Reuters Estimates. The company had forecast sales would be flat to up 2 percent.
Wal-Mart, which is working to revive sales in its namesake discount stores, rolled out an early holiday push, cutting prices on popular toys at the end of September and reducing prices on an additional 15,000 items.
It said November sales at U.S. Wal-Mart stores open at least a year rose 1 percent, while same-store sales in its Sam's Club warehouse division advanced 4.3 percent.
The retailer said net sales in the month rose to $31.72 billion from $29.27 billion a year earlier.
(Reporting by Nicole Maestri; editing by Steve Orlofsky and John Wallace)
© Reuters Limited. All Rights Reserved.
Reproduction or redistribution of Reuters content, including framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
