Wal-Mart Q4 profit jump


22 February 2006 – Bentonville (AR): Wal-Mart has reported a 13.4 per cent rise in Q4 profit.
The company said net income rose to $3.6 billion, or EPS of $0.86, for the quarter compared to $3.2 billion, or EPS of $0.75 a year earlier. The retailer reported total Q4 net sales of $89.3 billion.
Wal-Mart said it expects same-store sales to increase between 2 per cent and 4 per cent in Q1, a conservative outlook resulting from higher interest expenses from international acquisitions.
For the full year ended January 31, Wal-Mart said net sales were up 9.5 per cent to $312.4 billion and net income rose 9.4 per cent to a record $11.2 billion, or EPS of $2.68.