Wal-Mart Reports Record Fourth Quarter Sales and Earnings
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Updated: April 17, 2007
Net sales for the fourth quarter were $98.090 billion, an increase of 10.9 percent over the fourth quarter of last year. Income for the quarter was $3.940 billion, an increase of 8.8 percent from the fourth quarter of fiscal year 2006.
Earnings per share from continuing operations were $0.95, up from $0.87 per share in the same prior year quarter.
Net sales for the fiscal year ended Jan. 31, 2007, were almost $355-billion, an increase of 11.7 percent over fiscal year 2006. Income for the fiscal year increased 6.7 percent to $12.178 billion.
Wal-Mart president and CEO Lee Scott said that Wal-Mart customers around the world benefited from low prices.
(Copyright 2006 Newsroom Solutions, LLC)
