FOR IMMEDIATE RELEASE
Investor Relations Contacts
Investor Relations 479-273-8446
Carol Schumacher 479-277-1498
Pauline Tureman 479-277-9558
Media Relations Contact
John Simley 800-331-0085
Pre-recorded Conference Call
Wal-Mart Reports Record Fourth Quarter Sales and Earnings
BENTONVILLE, Ark., Feb. 20, 2007 -- Wal-Mart Stores, Inc. (NYSE: WMT) today reported
record sales and earnings for the quarter ended Jan. 31, 2007.
Net sales for the fourth quarter
were $98.090 billion, an increase of 10.9 percent over the fourth quarter of fiscal year 2006.
Income from continuing operations for the quarter was $3.940 billion, an increase of 8.8 percent
from $3.621 billion in the fourth quarter of fiscal year 2006.
Earnings per share from continuing operations were $0.95, up from $0.87 per share in the same
prior year quarter.
Fourth quarter earnings in fiscal 2007 were favorably impacted by a $98
million net tax benefit recorded in the Company’s tax provision.
This $0.02 per share net benefit
arose primarily from the resolution of certain tax matters related to transfer pricing and the
renewal of the Work Opportunity Tax Credit.
Net sales for the fiscal year ended Jan. 31, 2007, were $344.992 billion, an increase of 11.7
percent over fiscal year 2006.
Income from continuing operations for the fiscal year ended Jan.
31, 2007, increased 6.7 percent to $12.178 billion, up from $11.408 billion in the prior year.
Diluted earnings per share from continuing operations for the fiscal year ended Jan. 31, 2007,
were $2.92, up from $2.72 in the prior year.
The dispositions of the Company’s operations in South Korea and Germany, completed during
the third quarter of fiscal year 2007, continue to be accounted for as discontinued operations in
the accompanying financial statements.
“We are extremely pleased to close fiscal year 2007 with both record sales and earnings,” said
Lee Scott, Wal-Mart Stores, Inc. president and chief executive officer.
associates around the world stepped up and delivered a wonderful fourth quarter and I am
encouraged by their achievements as we head into the current fiscal year.
performance for the fiscal year was helped by a strong fourth quarter.
Even if you take into
account the discontinued operations, we still had record results.”
Scott said that Wal-Mart customers around the world benefited from low prices.