Wal Mart Stores Inc (WMT) SEC Filing 10-K Annual report for the fiscal year ending Monday, January 31, 2011

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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. Sam’s 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 year’s 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.