Wal-Mart comes up short of expectations

November 2003
Home Textiles Today;11/17/2003, Vol. 25 Issue 12, p10
Trade Publication
Third-quarter profits for year 2003 at Wal-Mart Stores Inc. advanced by 12.9 percent, to $2.0 billion from $1.8 billion in 2002. Wal-Mart sales expanded by 13.1 percent during the quarter, to $62.5 billion from $55.2 billion last year, and same-store sales grew by 6.1 percent. In its Sam's Warehouse Club business, profits rose by 12.5 percent, to $270 million. Sales improved by 11.2 percent, to $8.6 billion from $7.7 billion. Same-store warehouse-club sales increased by 8.0 percent. Sales in the core U.S. Wal-Mart Stores segment grew by 12.8 percent, to $42.4 billion from $37.6 billion. Operating profits rose by 10.9 percent, to $3.0 billion from $2.7 billion in 2002. Sales from the international segment increased by 15.7 percent, to $11.5 billion from $10.0 billion last year while operating profits increased by 28.5 percent, to $5,643 million from $439 million in the previous year.


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