Wal-Mart Posts Record Sales and Profits
February 19, 04
Wal-Mart Stores, Inc today reported record earnings and sales for the quarter ended January 31, 2004.
Net sales were $74.5 billion, an increase of 12.2 percent over the similar prior year quarter.
Income from continuing operations after minority interest and taxes for the quarter was $2.7 billion, an 11 percent increase from the $2.5 billion in the similar prior year quarter.
Net sales for the 12 months ended January 31, 2004, were a record $256.3 billion, an increase of 11.6 percent over net sales of the similar period last year. Income from continuing operations after minority interest and taxes for the 12 months increased 13.3 percent to a record $8.9 billion up from $7.8 billion last year.