Wal-Mart Stores reports record Q1 sales & earnings
18 May '07
2 min read
Wal-Mart Stores Inc reported record sales and earnings for the quarter ended Apr. 30, 2007. Net sales for the first quarter of fiscal year 2008 were $85.387 billion, an increase of 8.3 percent over the first quarter of fiscal year 2007.
Income from continuing operations for the quarter was $2.826 billion, an increase of 6.2 percent from $2.660 billion in the first quarter of fiscal year 2007.
“While these are record sales and earnings, we feel there was an opportunity to have done better,” said Lee Scott, Wal-Mart Stores Inc president and chief executive officer. “Delivering on our mission - saving people money so they can live better - is more important than ever around the world. The worldwide organization is focused on improving sales and returns.”
For the second quarter of fiscal 2008, the Company estimates the comparable store sales increase in the United States to be between 1 and 2 percent.
The Company estimates earnings per share from continuing operations for the second quarter of fiscal 2008 to come in between $0.75 and $0.79.
After this earnings release has been furnished to the SEC, a pre-recorded call offering additional comments on the quarter will be available to all investors. Callers may listen to this call by dialing. The information included in this release and the pre-recorded phone call will be available in the investor information area on the Company's Web site.
Wal-Mart Stores Inc operates Wal-Mart discount stores, supercenters, Neighborhood Markets and Sam's Club locations in the United States.
The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom.
The Company's common stock is listed on the New York Stock Exchange under the symbol WMT.
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