Wal-Mart Reports Record Sales

Wal-Mart reported record fourth quarter sales and earnings for the quarter ended January 31, 2005.

Net sales were $82.2 billion, an increase of 10.4 percent over the fourth quarter of fiscal 2004. Income from continuing operations for the quarter was $3.2 billion, an increase of 16.2 percent from $2.7 billion in the fourth quarter of fiscal 2004. Earnings per share from continuing operations were $0.75, up from $0.63 per share in the same prior year quarter.

Net sales for the year ended January 31, 2005, were $285.2 billion, an increase of 11.3 percent over the year ended January 31, 2004. Income from continuing operations for fiscal 2005 increased 15.9 percent to a record $10.3 billion, up from $8.9 billion in fiscal 2004. Earnings per share from continuing operations for the year ended January 31, 2005, were $2.41, up from $2.03 in the prior year.

Lee Scott, President and CEO said, “In the year just completed, we added almost $29 billion in sales and topped $10 billion in net income for the first time in our history. It was a solid performance, but we can do better. With the help of our Associates, we can look forward to even better results in the current year.”

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