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Wal-Mart's management pleased with Q4 sales

23 Feb '06
1 min read
World's largest retailer Wal-Mart Stores Inc reported record sales and earnings for the quarter ended January 31, 2006.

Net sales were $89.3 billion, an increase of 8.6 percent over the fourth quarter of fiscal 2005.

Net income for the quarter was $3.6 billion, an increase of 13.4 percent from $3.2 billion in the fourth quarter of fiscal 2005.

Earnings per share were $0.86, up from $0.75 per share in the same prior year quarter.

Fourth quarter earnings in fiscal 2006 were favorably impacted by a $103 million net tax benefit recorded in the company's tax provision.

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Wal-Mart Stores Inc operates Wal-Mart 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, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South Korea and the United Kingdom.

Wal-Mart Stores Inc
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