Wal-Mart posts record Q3

16 November 2004 – Bentonville (AR): Wal-Mart has reported another record quarter in sales and earnings, and claimed it was optimistic about the rest of the year.

The world’s largest retailer reported a 12.7 per cent rise in net income to $2.3 billion, or EPS of $0.54, from $2 billion, or EPS of $0.46, in the Q3 of 2003.

Net sales for the quarter were $68.5 billion, an increase of 9.7 per cent from the $62.5 billion recorded in the same period last year.

President/CEO Lee Scott said: "I am pleased to report another record quarter sales and earnings. The economy continues to improve and we are well positioned for the holidays. With the help of our associates, I look forward to another record quarter and a successful holiday season."