Walmart Posts Positive Q4, FY '12 Sales, Earnings

Wal-Mart Stores Inc. has reported net sales for the fourth quarter of fiscal 2012 of $122.3 billion, an increase of 5.8 percent from $115.6 billion in last year’s fourth quarter. Net sales included about $1.0 billion of negative impact from currency exchange rates. Before acquisitions, and on a constant-currency basis, net sales rose 4.5 percent to $120.9 billion. Income from continuing operations attributable to Walmart for the quarter was $5.2 billion, a 3.4 percent increase from the $5.0 billion posted last year. Diluted earnings per share (EPS) from continuing operations attributable to Walmart for the fourth quarter were $1.51.