30 some observers believed that the company could

30
Some observers believed that the company could also gain some
intangible benefits like, having a favourable public perception when it came to opening
new stores in markets where WMT had not welcomed earlier.
27
“Wal-mart to Reduce Its Environmental Footprint”,
05-P13-00043feature 1, 25 October 2008 (Accessed on 4 November 2009).
28
“Wal-mart to Reduce Its Environmental Footprint”,
05-P13-00043feature 1, 25 October 2008 (Accessed on 4 November 2009).
29
(Accessed on 4 November 2009).
30
(Accessed on 4 November
2009).
at Alliant International University on March 10, 2010 Downloaded from

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Fiscal Year Ended 31 January (Dollar Amounts in Millions) Operating Results
$308,945
$281,488
Net sales increase
9.8%
11.4%
Comparable store sales increase in the
United States
3%
3%
Cost of sales
$237,649
$216,832
Operating, selling, general and administrative
expenses
55,739
50,178
Interest expense, net
1,178
980
Effective tax rate
33.1%
34.2%
Income from continuing operations
$11,408
$10,482
Net income
11,231
10,267
Per share of common stock:
Income from continuing operations, diluted
$2.72
$2.46
Net income, diluted
2.68
2.41
Dividends
0.60
0.52
Source:

A