purchase of an additional stake in The Seiyu, Ltd., of which Wal-Mart now owns approximately 53 percent.
purchase of Sonae Distribuicao Brasil, S.A., now referred to as Southern Brazil.
purchase of a majority stake in Central American Retail Holding Company, or CARHCO, of which the company now owns 51 percent. CARHCO is now operated as Wal-Mart Central America.
Wal-Mart Stores Segment:
For the first quarter of fiscal 2007, the Wal-Mart Stores segment had segment operating income (income before net interest expense, income taxes, unallocated corporate overhead and minority interest) of $3.981 billion, an increase of 20.4 percent, compared with $3.307 billion in the first quarter of fiscal 2006.
International Segment:
The International segment had segment operating income of $713 million for the first quarter of fiscal 2007, an increase of 6.9 percent, compared with $667 million in the first quarter of fiscal 2006.
Guidance:
For the second quarter of fiscal 2007, the company estimates the comparative stores sales increase in the U.S. to be between 2 and 4 percent.
The company estimates earnings per share for the second quarter of fiscal 2007 to come in between $0.70 and $0.74, and for fiscal 2007, the forecast continues to be $2.88 to $2.95.
Comparable store sales that are presented in this release exclude the impact of fuel sales in our SAM'S CLUB segment. Fuel sales impacted the SAM'S CLUB and total US comparable store sales figures for the quarter ended April 30, 2006, by 0.5 and 0.1 percentage points, respectively.
marketing@alchempro.com
