- Wal-Mart Stores Inc. posted a better-than-expected 15.5 percent jump in quarterly profit, earning $2.53 billion compared with $2.19 billion in the year-ago period.
Sales rose 10.7 percent to $71.07 billion. Same-store sales were up just 2.7 percent for the fourth quarter.
Wal-Mart said that its annual net earnings were up 21 percent to $8.04 billion, on annual sales that were up 12 percent to $244.5 billion (+12%). International sales for the year were up 15 percent, to about 17 percent of the company’s total.
Wal-Mart now has average sales of $670 million per day.
- Marsh Supermarkets Inc. reported third quarter net income of $1.2 million, down from $3.4 million a year earlier. Total revenue for the period fell to $382.7 million from $385.8 million in the prior year, as same-store sales were off 3.8 percent.