BENTONVILLE, ARK. —
Wal-Mart Stores reported
higher net sales but lower net income in its fiscal
fourth quarter and fiscal year.
Net sales for the fourth quarter of fiscal 2012,
ended Jan. 31, were $122.3 billion, an increase of
5.8 percent from $115.6 billion in last year’s Q4
Net sales for the quarter included $2.4 billion of
positive impact from the acquisitions of the Netto
stores in the U.K. and Massmart in South Africa.
Net sales included approximately $1 billion of negative
impact from currency exchange rates. Before
acquisitions, and on a constant currency basis, net
sales grew 4.5 percent to $120.9 billion.
Consolidated net income attributable to Walmart
during the quarter was $5.16 billion, down 14.7
percent from the prior year.
Net sales for Walmart U.S. were $72.8 billion,
up 2.4 percent from the prior year’s fourth quarter.
Sam’s Club sales in the quarter were $14 billion,
up 6.8 percent from the prior year.
Comp-store sales in the quarter, excluding fuel
sales, for Walmart U.S. were up 1.5 percent and
Sam’s Club were up 5.4 percent over the prior year.
Operating income for Walmart U.S. was $6.1
billion in the quarter, up 1.4 percent, and Sam’s
Club operating income, excluding fuel, was up 8.3
percent in the quarter.
In the 2012 fiscal year consolidated net sales
were $443.9 billion, an increase of 5.9 percent
over fiscal year 2011. Net sales included approximately
$4.7 billion of positive impact from acquisitions
and approximately $4 billion of positive
impact from currency exchange rates. Before acquisitions,
and on a constant currency basis, net
sales grew 3.9 percent to $435.1 billion.
Consolidated net income attributable to
Walmart for the fiscal year was $15.7 billion, down
4.2 percent from the prior year.
Net sales for the year for Walmart U.S. were
$264.2 billion, up 1.5 percent, and Sam’s Club net
sales, excluding fuel, were $53.8 billion, up 8.8 percent
from the prior year. Comp-store sales without
fuel were up 0.2 percent for Walmart U.S. and up
5.1 percent at Sam’s Club over the prior fiscal year.
Walmart U.S. operating income was $20.4 billion,
up 2.2 percent, with Sam’s Club operating
income up 9 percent to $1.86 billion.
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