Wal-Mart's net sales rise to 115.6 bln USD in 4Q

Wal-Mart's net sales for the fourth quarter of fiscal year 2011 rose to 115.6 billion U.S. dollars, an increase of 2.5 percent from the same period last year, showed the financial results reported Tuesday by the company.


Income from continuing operations attributable to Walmart for the quarter was 5 billion U.S. dollars, up from 4.8 billion U.S. dollars in the fourth quarter last year, said the company.


Diluted earnings per share from continuing operations attributable to Walmart ("reported EPS") for the fourth quarter of fiscal year 2011 were 1.41 U.S. dollars.


With respect to the full fiscal 2011, the net sales were 419 billion U.S. dollars, rising by 3.4 percent over fiscal 2010. Income from continuing operations attributable to Walmart were 15. 4 billion U.S. dollars, a 6.3 percent increase from 14.4 billion U. S. dollars last year. The reported EPS were 4.18 U.S. dollars, rising from previous year's 3.73 U.S. dollars.


However, the sales at U.S. stores open at least a year dropped 1.8 percent in the quarter.


"We are pleased with Walmart's strong earnings performance for both the fourth quarter and the full year across our three operating segments. At the same time, we are disappointed by Walmart U.S. fourth quarter sales," said Mike Duke, Wal-Mart Stores, Inc. president and chief executive officer.


Duke also said that it would take time to revive Wal-Mart store sales in the U.S., which account for almost two-thirds of the total revenue.
(Source:http://news.xinhuanet.com)