Slowed in U.S., Wal-Mart finds growth abroad
February 19, 2004,
BENTONVILLE — Helped by an earnings turnaround at its Sam's Club unit, and continued growth abroad, Wal-Mart Stores Inc. recorded a fourth-quarter profit of $2.7 billion, up 8.5 percent from $2.5 billion last year.
Sales at the world's largest retailer — also the world's largest public company — climbed at a double-digit pace, rising by 12.1 percent, to $74.5 billion from $66.4 billion last year, with international expansion still the company's fastest-growing segment.
Related Content By Author
The Countdown to the ICON Honors Continues featuring Christophe Pourny