Wal-Mart Beats Q4 Profits Forecasts

22 February 2007

BENTONVILLE, Arkansas: Wal-Mart posted a fourth-quarter profit rise of 9.8% to $3.9 billion (€2.97bn; £1.99bn), beating analysts' expectations. Sales for the quarter were up 10.9% to $98.1bn. For the year, revenue rose 11.7% to $345bn while income from continuing operations rose 6.7% to $12.2bn.

The world's biggest retailer owed its better-than-expected performance to strong sales in its international business and three foreign acquisitions.

It is trying to reinvigorate its core business and has ditched, in favor of low prices, its failed attempt to sell more expensive and fashionable apparel.

Data sourced from USA Today.com; additional content by WARC staff