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 Third Quarter Sales and Earnings
BENTONVILLE, Ark., November 14, 2006 -- Wal-Mart Stores, Inc. (NYSE: WMT) today
reported sales and earnings for the quarter ended October 31, 2006.
Net sales for the third
quarter were $83.543 billion, an increase of 12.0 percent over the third quarter of fiscal 2006.
Income from continuing operations for the quarter was $2.594 billion, an increase of 7.1 percent
from $2.422 billion in the third quarter of fiscal 2006.
Earnings per share from continuing
operations were $0.62, up from $0.58 per share in the same prior year quarter.
“We are pleased that Wal-Mart again had record sales and earnings for the third quarter,” said
Lee Scott, Wal-Mart Stores, Inc. president and CEO.
“In addition, we are pleased that we’ve
seen improvements in gross margin in all three segments of our business.
“Although sales in the U.S. were softer than we hoped for in the third quarter, there are real
opportunities in the fourth quarter to build on the momentum of the aggressive pricing strategy
we have implemented in our stores for the holiday season,” Scott added.
“This season, no one
will doubt Wal-Mart’s leadership on price and value.”
Earnings per share for the current quarter included a favorable after tax impact of $56 million, or
approximately $0.01 per share, for property insurance-related gains reported as reductions in
Net sales for the nine months ended October 31, 2006, were $246.902 billion, an increase of 12.0
percent over the first nine months of fiscal 2006.
Income from continuing operations for the nine
months ended October 31, 2006, increased 5.8 percent to $8.239 billion, up from $7.787 billion
in the same prior year period.
Diluted earnings per share from continuing operations for the nine
months ended October 31, 2006, were $1.97, up from $1.86 in the same prior year period.