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Wal-Mart 3Q Sales Up 1.1%

(Filed Under Financial and General Interest News). Wal-Mart Stores, Inc. reported record-breaking diluted earnings per share for fiscal 2010’s third quarter of 84 cents, exceeding the company’s guidance of 78 to 82 cents, the company said. Net sales increased 1.1 percent, to $98.667 billion from $97.619 billion, with Wal-Mart U.S. sales up 1.2 percent, Wal-Mart International sales up 1.6 percent and Sam’s Club sales down 0.6 percent.

"The sales environment continued to be difficult this quarter, but customer traffic is up throughout the company,” Mike Duke, president and chief executive officer of Wal-Mart, said. “We gained market share, especially in the United States, the United Kingdom and Mexico, as customers around the globe continued to count on Wal-Mart for quality and low prices.”

Wal-Mart Stores, Inc. serves customers and members more than 200 million times per week at more than 8,000 retail units under 53 different banners in 15 countries, and employs more than 2.1 million associates worldwide. Its fiscal 2009 sales totaled at $401 billion.

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Published 11-13-2009 by Amanda Torres Price

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Wal-Mart 3Q Sales Up 1.1%

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