Halston
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Wal-Mart, the world's largest food retailer, has released its third quarter figures, revealing record sales of US$45.6bn (52.8bn [European Dollar]) in Q3, and record sales of US$134.7bn for the nine-month period ended 31 October. These figures represent 13% and 18.6% increase respectively, compared to the corresponding periods a year ago. In a record breaking set of results, net income was US$1.369bn, up 5.8% on the on the US$1.294bn from 1999. Nine-month net income increased to US$4.291bn, up 24% from US$3.461bn. Commenting on the performance of Wal-Mart, company president and CEO Lee Scott said, "We are pleased that in a difficult quarter we were able to achieve record sales and earnings," The group saw strong performances from Wal-Mart stores, Sam's Club, and also from its international segment, which generated operating profits of US$241m in Q3, and a year-to-date operating profit of US$622m. The figures show a 25% rise for the third quarter, and an impressive 69.5% rise for the nine-months compared to the same period a year ago.
This is what I got when I googled it! hope this helps! :o) |
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