twice connect

Wal-Mart Reports Record Q1 Sales, Earnings

5/16/2006 11:38:00 AM Eastern

Bentonville, Ark. — Wal-Mart Stores reported record sales and earnings for the first quarter, ended April 30.

Net sales were $79.613 billion, an increase of 12.3 percent over the first quarter of fiscal 2006. And net income for the quarter was $2.615 billion, an increase of 6.3 percent from $2.461 billion in the fiscal first quarter of last year.

Net sales during its fiscal first quarter for the three Wal-Mart divisions are as follows (with last year’s first quarter in parenthesis): Wal-Mart Stores, $52.5 billion ($47.6 billion), a 10.2 percent gain; Sam’s Club, $9.8 billion ($9.2 billion), a 6.8 percent gain; and International, $17.3 billion ($14.1 billion), a 22 percent gain.

Total U.S. comparable store sales for the fiscal first quarter increased 3.8 percent, which is represented by a 3.8 percent increase for Wal-Mart Stores and a 4.3 percent increase for Sam’s Club.

During the quarter, the Wal-Mart Stores segment had segment operating income (income before net interest expense, income taxes, unallocated corporate overhead and minority interest) of $3.9 billion, an increase of 20.4 percent, compared with $3.3 billion in the previous year’s first quarter.

Sam’s Club had operating income for the quarter of $319 million, an increase of 8.1 percent, compared with $295 million in the first quarter of last year.

ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston

ADL Honors Morales, Bilas, Paull, Weedfald At Annual Dinner

New York — The Anti-Defamation League’s National