Wal-Mart Q3 net sales rise 12 percent

14 November 2006 — Bentonville (ARK): Wal-Mart Stores has reported Q3 net sales of $83.5 billion, an increase of 12 percent over the same period last year.

Income from continuing operations for the quarter was $2.6 billion, an increase of 7.1 percent from $2.4 billion last year. EPS from continuing operations were $0.62, up from $0.58 per share in the same prior year quarter.

 

"We are pleased that Wal-Mart again had record sales and earnings for the third quarter," said Lee Scott, Wal-Mart Stores president and CEO. He continued: "In addition, we are pleased that we’ve seen improvements in gross margin in all three segments of our business."

 

During the quarter, the company completed the previously announced dispositions of its operations in South Korea and Germany.

 

The international segment had Q3 operating income from continuing operations of $997 million, an increase of 18.1 percent, compared with $844 million a year earlier.

 

Total US comparable store sales for the quarter increased 1.5 percent, which is represented by a 1.5 percent increase for Wal-Mart Stores and a 1.8 percent increase for Sam’s Club.