TITLE

4Q Profits Improve at Wal-Mart

PUB. DATE
February 2005
SOURCE
Home Textiles Today;2/21/2005, Vol. 26 Issue 24, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that fourth quarter profits at Wal-Mart Stores Inc. improved 16.2 percent, to $3.2 billion from $2.7 billion last year, modestly exceeding Wall Street expectations. Sales at the world's largest retailer, driven by continued worldwide extension, climbed 10.4 percent, to $82.2 billion from $74.5 billion last year. Average gross margin improved by 70 basis points, or seven-tenths of a percentage point, to 22.5 percent from 21.8 percent a year ago. Interest expense shot up by almost a half during the closing quarter, by 47.8 percent, to $297 million from $201 million a year ago.
ACCESSION #
16201190

 

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