Wal-Mart earnings hit new high

Bentonville , Ark. – Wal-Mart today reported fourth-quarter earnings of $3.94 billion, up nearly 10% from $3.589 billion in last year’s final quarter, a new record and one that beat analysts’ expectations.

Sales for the quarter rose 10.9% to $98.09 billion. Comps for U.S. stores rose 1.6%, led by a 3.1% increase at Sam’s Club and a 1.3% rise at Wal-Mart Stores.

In a recorded call for investors, ceo Lee Scott credited the performance to discount of key items like electronics and toys as well as the company’s efforts to assort stores to suit local demographics.

For the year, Wal-Mart recorded a profit of $11.28 billion vs. $11.23 billion in the previous year. Sales rose 11.7% to $344.99 billion. Comps for U.S. stores climbed by 2.1%, with Sam’s posted a 2.9% increase and Wal-Mart Stores 1.9%.

For the first quarter of the current fiscal year, Wal-Mart expects to grow comps 1% to 3%.

Wal-Mart quarterly results

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos


HTT digital edition

See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!