Wal-Mart Stores Inc. is the world's largest retailer. They are engaged in the operation of mass merchandising stores which serve their customers primarily through the operation of three segments which are the Wal-Mart Stores segment the SAM'S Club segment and the International segment. WalMart Stores Inc. has a market cap of $219.83 billion; its shares were traded at around $54.63 with a P/E ratio of 15.3 and P/S ratio of 0.58. The dividend yield of WalMart Stores Inc. stocks is 1.7%. WalMart Stores Inc. had an annual average earning growth of 13.3% over the past 10 years. GuruFocus rated WalMart Stores Inc. the business predictability rank of 5-star.
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Press Release:
Net Sales
4 Weeks Ended Percent 43 Weeks Ended Percent
11/28/2008 11/30/2007 Change 11/28/2008 11/30/2007 Change
Walmart U.S. $21.477 $20.165 6.5% $204.962 $192.347 6.6%
Sam's Club 3.672 3.620 1.4% 38.554 36.160 6.6%
International 7.064 7.933 -11.0% 80.634 72.849 10.7%
Total Company $32.213 $31.718 1.6% $324.150 $301.356 7.6%The sharp strengthening of the U.S. dollar against most currencies in thefour-week period, compared to the same period last year, reduced Wal-MartInternational's reported U.S. dollar sales by 18.7 percentage points. On aconstant currency basis, total International sales increased by 7.7 percentover the prior year four-week period. Constant currency sales are calculatedas the current period's local currency sales translated into U.S. dollars atthe exchange rate in effect for the comparable prior year period.
Comparable store sales for the four- and 43-week periods ending
Four Weeks Comparable Store Sales
Without Fuel With Fuel Fuel Impact
11/28/2008 11/30/2007 11/28/2008 11/30/2007 11/28/2008 11/30/2007
Walmart U.S. 3.4% 1.0% 3.4% 1.0% 0.0% 0.0%
Sam's Club 3.5% 4.3% 0.5% 7.1% -3.0% 2.8%
Total U.S. 3.4% 1.5% 3.0% 1.9% -0.4% 0.4%
Forty-three Weeks Comparable Store Sales
Without Fuel With Fuel Fuel Impact
11/28/2008 11/30/2007 11/28/2008 11/30/2007 11/28/2008 11/30/2007
Walmart U.S. 2.9% 0.8% 2.9% 0.8% 0.0% 0.0%
Sam's Club 3.5% 4.8% 5.8% 5.0% 2.3% 0.2%
Total U.S. 3.0% 1.4% 3.4% 1.4% 0.4% 0.0%Walmart U.S.
"Our sales news is overshadowed by the tragic incident at our
Sales for Walmart U.S. during the November four-week period exceededexpectations. Comparable store sales rose on the strength of positive trafficand increases in average ticket. As gas prices dropped, shopping tripsincreased and customers had more discretionary income to spend at Walmart.
Aggressive rollback initiatives helped kick off solid sales for the month,with
"Even in a tighter economy, consumers want to celebrate the holidays withtheir families," Castro-Wright said. "They recognize that Walmart is the bestdestination to help them save money."
Sam's Club
For the November period, fresh food, dry grocery and consumables drovestrong comparable club sales. Jewelry, seasonal and home-related products weresofter. Traffic, excluding fuel, drove the comparable club sales figure forthe period.
"Our gift catalog, Taste of Sam's event and our members only Black Fridayevent generated additional traffic and sales," said
Fuel prices dropped significantly in the period versus the prior year.Deflation in fuel prices lowered Sam's Club's comparable sales result by 3.0percentage points. Excluding fuel sales, Sam's comparable club sales increasedby 3.5 percent.
Wal-Mart International
Despite the economy, sales remained strong on a constant currency basis,confirming that our customers need every day low prices in these difficulttimes," said
Sales from each country are covered on a constant currency basis,excluding any impact from changes in exchange rates.
In the
The economic slowdown continued to impact sales at Wal-Mart de
At Wal-Mart Canada, comparable store sales were slightly negative becausean unseasonably warm October last year pushed seasonal sales into last year'sNovember period, making it the strongest month of that year. Despite thiscomparison, Wal-Mart Canada continued to outperform the market.
In
At Seiyu in
Higher average ticket and customer count contributed to a comparable storesales increase in the mid single digits at Wal-Mart China and in the highsingle digits at Trust-Mart.
Guidance
"Providing sales guidance is difficult given today's external economicenvironment," said
The December period runs from
Wal-Mart Stores, Inc. operates Walmart discount stores, supercenters,Neighborhood Markets and Sam's Club locations in
This release contains a statement that Wal-Mart believes is a"forward-looking statement" within the meaning of the Private SecuritiesLitigation Reform Act of 1995, as amended, and that is intended to enjoy theprotection of the safe harbor for forward-looking statements provided by thatact. That forward-looking statement relates to our management's expectationsfor our comparable store sales in
Source: PRNewsWire
More on WMT:
Gurus buys and sells of WMT
10-year financial history of WMT.
Insider buys/sells of WMT.
WMT is in the portfolios of George Soros, Arnold Van Den Berg, Ken Heebner, Tweedy Browne, Tom Gayner, Bill Nygren, Dodge & Cox, John Hussman, Ruane Cunniff, Warren Buffett, Kenneth Fisher, Wallace Weitz, HOTCHKIS & WILEY, Jean-Marie Eveillard, Richard Pzena, Prem Watsa, Mark Hillman.
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