Wal-Mart, the world’s largest chain of retail supermarkets, reported USD 3.32 billion in net income for Q1 2010, that is, 10 per cent more than in the same quarter of 2009, when it generated USD 3.02 billion.
As of 30 April, income in Q1 closed at USD 0.88 per share, compared with USD 0.77 per share in the prior-year quarter.
Wal-Mart revenues rose 5.9 per cent to USD 99.85 billion over Q1 tallies of the previous fiscal year, topping analysts' estimates.
Of that total, net sales reached USD 99.10 billion, up 6 per cent from figures reported a year ago,
EFE reports.
Net sales in the US rose 1.1 per cent between February and April, to USD 62.32 billion, whereas they climbed 21.4 per cent in the international unit, to USD 25.03 billion.
At, Sam's Club stores, net sales for the quarter increased 4.6 per cent, to USD 11.74 million.
“Walmart kicked off the fiscal year with record first quarter net sales and earnings,” said Mike Duke, Wal-Mart Stores, Inc. president and chief executive officer.
The executive emphasised that the revenue obtained by the company surpassed its consensus estimate.
"Our teams around the world delivered on our commitment to the productivity loop,” he added.
Nonetheless, he pointed out that its customers, particularly in the United States, remain “concerned about their personal finances and unemployment, as well as higher fuel prices.”
By Analia Murias
[email protected]
www.seafood.media
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