Walmart reports strong sales in first quarter

08:22, May 18, 2011      

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Wal-Mart Stores Inc, the world's largest retailer, posted gain in sales and earning for the first quarter of fiscal year 2012, the company said Tuesday in a financial report.

Net sales for the first quarter ended April 30, 2011 were 103.415 billion U.S. dollars, an increase of 4.4 percent from the same period last year, said the company.

Income from continuing operations attributable to Walmart for the quarter was 3.427 billion U.S. dollars, up 3.8 percent from the first quarter last year, according to the report.

Moreover, diluted earnings per share from continuing operations attributable to Walmart for the first quarter of fiscal year 2012 were 0.98 U.S. dollars, compared with 0.87 U.S. dollars in the same period last year.

"Walmart is reporting first quarter earnings from continuing operations of 0.98 dollars per share, which was above guidance," said Mike Duke, Walmart's president and chief executive officer. "This reflects the stability and strength of our global operations."

Source: Xinhua
 
 
     
 
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