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SECURITY: WMT (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
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Wal-Mart
Reports Record First Quarter Sales and Earnings
BENTONVILLE,
Ark., May 13, 2008 -- Wal-Mart Stores, Inc. (NYSE: WMT) today reported
its sales and earnings for the quarter ended April 30, 2008. Net sales
for the first quarter of fiscal year 2009 were approximately $94.1 billion,
an increase of 10.2 percent over $85.4 billion for the first quarter of
fiscal year 2008. Net income for the quarter was $3.022 billion, an increase
of 6.9 percent from $2.826 billion in the first quarter of fiscal year
2008. Diluted earnings per share for the first quarter of fiscal year 2009
were $0.76, up from $0.68 per share in the same prior year quarter.
“We’re
off to a solid start, with record first quarter sales and earnings,” said
Lee Scott, Wal-Mart Stores, Inc. president and chief executive officer.
“We continue to deliver against the business model that Sam Walton started
– selling branded merchandise for less. Our business is even more relevant
to our customers today, given the current economic pressures.”
Price
leadership, better customer service and operational improvements remained
the primary drivers of sales growth worldwide, even in light of economic
headwinds caused by higher energy costs and food inflation.
“Our
customers appreciate that Wal-Mart is the consistent price leader,” Scott
added. “We continue to make progress in delivering on our mission of saving
people money so they can live better.”
Wal-Mart
Increases Annual Dividend Eight Percent
BENTONVILLE, Ark., March
6, 2008 – The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) has
approved an increase in the annual dividend to $0.95 per share, an eight
percent increase from the $0.88 per share paid during fiscal year 2008.
For fiscal year ending Jan. 31, 2009, the annual dividend of $0.95 per
share will be paid in four quarterly installments of $0.2375 per share,
according to the following record and payable dates:
Record Date Payable
Date
March 14, 2008 April
7, 2008
May 16, 2008 June 2,
2008
August 15, 2008 September
2, 2008
December 15, 2008 January
2, 2009
Based upon this announced
increase, the Company plans to return more than $3.6 billion to its shareholders
in the form of dividends in fiscal year 2009. Wal-Mart has increased its
dividend every year since its first declared dividend of $0.05 in March
1974
Wal-Mart
Reports March Sales, Increases First Quarter Earnings Guidance
BENTONVILLE, Ark., April
10, 2008 --- Wal-Mart Stores, Inc. (NYSE: WMT) reported net sales for the
five- and nine-week periods ending April 4, 2008, and April 6, 2007, respectively,
as follows (dollars in billions).
Comparable store sales
for the five- and nine-week periods ending April 4, 2008, and April 6,
2007, respectively, were as follows.
Wal-Mart Stores
In the Wal-Mart Stores
U.S. segment, comparable store sales during the five-week March period
were driven by continued strength in the three largest business units:
grocery, health and wellness and entertainment, with solid Easter sales.
Food, consumables and dry grocery were strong during the period. Cold weather
negatively affected the overall performance of apparel; however, sales
of basic items, including t-shirts and licensed apparel, were strong. Softness
continued in the home unit.
“Customers continued to
turn to Wal-Mart for price leadership throughout the store, and they continued
to see a better shopping experience,” said Eduardo Castro-Wright, Wal-Mart
Stores U.S. president and chief executive officer. “In addition, we benefited
from better integration of merchandising, operations and marketing.
“Our initiatives in electronics
have improved customer access to leading brands and made Wal-Mart the retailer
of choice for entertainment products,” Castro-Wright added. “The U.S. stores
continued to generate triple-digit comparable sales in flat-panel TVs and
GPS units, as well as double-digit growth rates in laptop computers, video
games and digital cameras.”
This year’s Easter calendar
change from April to March negatively impacted the March period, when compared
to last year. Wal-Mart discount stores historically are closed on Easter
Sunday. In addition, with Easter coming much earlier this year, the traditional
selling period for the holiday was shorter.
Source Wal-mart.com |
