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Walmart Q1 2011 Results

Posted on | May 17, 2011 | Comments Off

Net income at Walmart grew 3% from the year ago quarter to $3.4 billion. Revenue rose 4.4% to $104.19 billion from the year ago quarter.

Management quote:

“Walmart is reporting first quarter earnings from continuing operations of $0.98 per share, which was above guidance,” said Mike Duke, Wal-Mart Stores, Inc. president and chief executive officer. “This reflects the stability and strength of our global operations. Walmart U.S. comp sales for the first quarter were within our guidance range,” Duke continued. “We recognize we still have work to do and comp sales growth remains the greatest priority for me and the entire Walmart U.S. team. The good news is that the plan Bill Simon and his team are executing is gaining traction. We’re focused on delivering every day low price and a wide assortment.”