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|For Immediate Release|
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Walmart reports fourth quarter EPS
from continuing operations of $1.41;
Underlying EPS from continuing operations of $1.34
exceeds consensus and company guidance
Walmart reported fourth quarter diluted earnings per share from continuing operations (reported EPS) of $1.41. This compares to $1.261 per share from continuing operations last year. Fourth quarter underlying diluted EPS from continuing operations was $1.342.
Reported EPS from continuing operations for the fourth quarter included tax benefits of $243 million, or approximately $0.07 cents per share.
Consolidated operating income for the fourth quarter was $8.0 billion, up 7.3 percent from last year.
Net sales for the fourth quarter were $115.6 billion, an increase of 2.5 percent from last year.
Walmart U.S. comparable store sales declined 1.8 percent in the 13-week period ended Jan. 28, 2011. Sams Club comparable sales, without fuel, increased 2.7 percent for the same period.
Full year reported EPS from continuing operations was $4.18, compared with last years EPS of $3.731. Full year underlying diluted EPS from continuing operations was $4.072.
Consolidated operating income for the full year was up 6.4 percent to $25.5 billion.
Net sales for the full year were $419 billion, an increase of 3.4 percent.
The company leveraged operating expenses for the quarter and the full year.
Return on investment (ROI) for the fiscal year ended Jan. 31, 2011 remained strong and stable at 19.2² percent.
Walmart ended the year with strong free cash flow of $10.92 billion.
For the year, the company returned a record $19.2 billion to shareholders through dividends and share repurchases.
Effective with the second quarter of fiscal year 2011, Walmart changed its methodology for valuing inventory. The retrospective application of this accounting change resulted in adjustments to reported amounts for last fiscal year. The company provided adjusted financial statements reflecting the changes for each quarter of fiscal year 2010 and the first quarter of fiscal year 2011 on its website. All references made throughout the text of this release to comparative fiscal 2010 financial results have been adjusted to reflect the retrospective application of this accounting change. Also see notes on page 6.
See additional information at the end of this release regarding non-GAAP financial measures.
The following information was filed by Walmart Inc. (WMT) on Tuesday, February 22, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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