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First Quarter for Wal-Mart Resulted in the Increased 10 Percent Profit

Posted by on May 19th, 2010 // Read 2,478 Times // 13 Comments

First-Quarter-for-Wal-Mart-Resulted-in-the-Increased-10-Percent-Profit Wal-Mart officials have never been so happier before, because this time, the first quarter resulted in an increased 10 percent profit. The net income figure rose to $3.33 Billion from $3.02 Billion. Analysts predicted a low level of earning for Wal-mart, but it seems like they were wrong about that.

On the international level, the sales percentile rose to 8.9 percent and that too, on a constant currency basis. CEO (Wal-Mart) – Mike Duke said that our customers are still concerned about issues like unemployment, gas prices and personal finances. This has caused the U.S. clients to go a little soft on buying consumption items from us, but our growth patterns are pretty stable in the international market.

Chinese, Brazilian and other energizing markets generated more sales for Wal-Mart, while the U.K. supermarket chain reported a slight decline in same store sales. This information was revealed by the Chief Finance Officer – Tom Schoewe through a phone call.

Wal-Mart operates in more than 15 countries and its figures are still rising at an alarming rate. In order to counter the decline in sales from the U.S. market, analysts and experts have developed a new business model, that will come into effect in due amount of time.

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13 Responses to " First Quarter for Wal-Mart Resulted in the Increased 10 Percent Profit "

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