BENTONVILLE, Ark. — Wal-Mart Stores here last week said net profits during the fiscal fourth quarter improved by 8.6%, helped by lower than expected tax rates and modest gains in holiday sales.
Overall sales for the quarter, which ended Jan. 27, improved 3.9% to $127.1 billion. In the U.S., sales during the quarter improved by 2.6% to $74.7 billion, with comparable-store sales up by 1%.
Bill Simon, chief executive officer of Walmart U.S., said comps in the current first quarter ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Click here to read the FAQ page if you have any questions (opens in a new window)
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.
Already registered? Log In