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[photo-3d] Walmart...
- From: Ron Beck <rbeck@xxxxxxxx>
- Subject: [photo-3d] Walmart...
- Date: Tue, 09 May 2000 09:58:17 -0500
I found this information regarding Walmart today. Just wanted to let
you know that there are a lot of them out there.
> Wal-Mart's Profits Beat Estimates
> May 9, 2000 10:07 am EST
>
> BENTONVILLE, Ark. (Reuters) - Wal-Mart Stores Inc. (WMT.N), the
> world's largest retailer, on Tuesday reported a 24 percent jump in
> first-quarter sales, while earnings rose almost 45 percent,
> exceeding Wall Street expectations.
>
> Wal-Mart reported net income of $1.33 billion in the quarter, ended
> April 30, up from $916 million in the year-earlier quarter. Per share
> earnings rose 50 percent, to 30 cents per diluted share from 20
> cents last year.
>
> A poll of Wall Street analysts by First Call/Thomson Financial
> pegged the retailing giant's first-quarter earnings at 29 cents a
> share.
>
> Total sales were $42.98 billion, an increase of almost 24 percent
> over sales of $34.72 billion a year ago.
>
> Last year's first-quarter earnings were reduced by a one-time
> non-cash charge of about 4 cents per share from an accounting
> change.
>
> As of April 30, Wal-Mart had about 1,784 Wal-Mart discount
> stores, 753 Supercenters, and 465 Sam's Club warehouse stores in
> the United States. The company also has stores in Argentina,
> Brazil, Canada, China, Germany, Korea, Mexico and the United
> Kingdom.
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