THIRD-QUARTER EARNINGS: Walmart Turns Corner In US Sales
RETAILER SEES DECREASE IN PROFIT
Posted: November 16, 2011 at 5:21 a.m.
Kathy Ryan, left, and April Betz, both customer service associates at Walmart, help Jose Salas on Nov. 9 at the Walmart on Pleasant Grove Road in Rogers.
Walmart achieved its goal of earning positive same-store sales at U.S. stores, but it hit the retailer’s bottom line.
BY THE NUMBERS
Walmart Sales
Net sales in billions for Walmart’s three divisions for the third quarter of fiscal 2012 compared with fiscal 2011:
2011 2010 Percent Change
Walmart U.S. $63.8 $62.2 2.7
Walmart International $32.4 $26.9 20.3
Sam’s Club $13.3 $12.1 9.5
Total sales $109.5 $101.2 8.2
Source: walmartstores.com
Looking Ahead
Bill Simon, president and chief executive officer for Walmart U.S., forecast comp sales for fiscal 2012 fourth quarter to range from flat to positive 2 percent.
Charles Holley, chief financial officer, said Walmart’s earnings per share guidance for the fourth quarter should be between $1.42 and $1.48 and for the full year to be between $4.45 and $4.51.
Source: walmartstores.com
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