Recent

% | $
Quotes you view appear here for quick access.

Wal-Mart Stores Inc. Message Board

  • michaelisin4u michaelisin4u Feb 17, 2009 11:09 AM Flag

    Wal-Mart Reports Financial Results for Fiscal Year & Fourth Quarter

     

    Wal-Mart Reports Financial Results for Fiscal Year & Fourth Quarter
     Q4 Reported EPS was $0.96, Exceeding Recent Guidance
     Underlying EPS was $1.03, Exceeding First Call Consensus Estimate
     FY09 Reported EPS was $3.35; Underlying EPS was $3.42
     Record Full-Year Free Cash Flow of $11.6 Billion
    BENTONVILLE, Ark., Feb. 17, 2009 -- Wal-Mart Stores, Inc. (NYSE: WMT) today reported sales and earnings
    for the quarter and the year ended Jan. 31, 2009. Net sales for the fourth quarter of fiscal year 2009 were
    $107.996 billion, an increase of 1.7 percent from $106.208 billion in the fourth quarter last year. Income from
    continuing operations for the quarter was $3.792 billion, a decrease of 7.7 percent from $4.110 billion in the
    fourth quarter last year. Without a litigation settlement charge and the effect of unfavorable currency exchange
    rates, income from continuing operations would have been positive on a comparable basis.
    Reported diluted earnings per share from continuing operations (“reported EPS”) for the fourth quarter of fiscal
    year 2009 were $0.96, exceeding the company’s most recent guidance of $0.91 to $0.94. The underlying diluted
    earnings per share from continuing operations (“underlying EPS”) were $1.03. Underlying EPS represents
    reported EPS in accordance with GAAP, adjusted for charges from the settlement of 63 U.S. class action wage
    and hour lawsuits (the “litigation charge”) of approximately $255 million on an after-tax basis for the fourth
    quarter. A reconciliation of reported and underlying EPS (a non-GAAP measure) for the full year and fourth
    quarter is provided in a schedule at the end of this release.
    Last year, Wal-Mart earned $1.03 per share from continuing operations in the fourth quarter, which included a
    net charge of approximately $0.02 per share for real estate transactions and certain restructuring of its Japanese
    operations.
    Net sales for the fiscal year were $401.244 billion, an increase of 7.2 percent over fiscal year 2008. Income from
    continuing operations increased 3.0 percent to $13.254 billion, up from $12.863 billion in the prior year.
    Reported EPS for fiscal year 2009 was $3.35, up 6.0 percent from $3.16 in the prior year. Underlying EPS was
    $3.42, excluding the litigation charge.
    “Wal-Mart recorded the strongest sales result in its history in the fourth quarter, with $108 billion in sales,” said
    Mike Duke, Wal-Mart Stores, Inc. president and chief executive officer. “We achieved this through the hard
    work of our associates, helping our customers save money so they can live better.
    “Our performance relative to competitors was exceptionally strong in the fourth quarter and throughout the year.
    We expect this momentum to continue,” Duke said. “We finished the year with a strong balance sheet, record
    free cash flow of $11.6 billion and great inventory management. Our company created approximately 63,000
    jobs worldwide this year, including more than 33,000 in the United States. In addition, Wal-Mart remains wellpositioned
    to continue to serve our customers in a challenging environment because of its strong price
    leadership.”
    http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_T/threadview?m=te&bn=24088&tid=69350&mid=69350&tof=1&frt=2#69350

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
WMT
71.14-0.08(-0.11%)Aug 26 4:00 PMEDT