HITTING THE WALL
Sales and earnings growth slow at the world's largest retailer
-- Home Textiles Today, 2/26/2001 12:00:00 AM
| 2000 4Q | 1999 4Q | |
|---|---|---|
|
Sales |
+10.0% |
+20.0% |
|
Same-Store Sales |
+3.1% |
+6.3% |
|
Profits |
+4.5% |
+22.9% |
Wal-Mart Stores Inc.
| Qtr. 1/31 (x000) | 2000 | 1999 | %CHG |
|---|---|---|---|
|
Sales |
$56,556,000a |
$51,394,000a |
10.0 |
|
Oper. income (EBIT) |
3,538,000 |
3,502,000 |
10.3 |
|
Net income |
2,004,000b |
1,917,000b |
4.5 |
|
Per share (diluted) |
0.45 |
0.43 |
4.7 |
|
Average gross margin |
20.7% |
20.8% |
- |
|
SG & A expenses |
15.4% |
14.9% |
- |
|
12 months |
2000 |
1999 |
%CHG |
|
Sales |
191,329,000a |
165,013,000a |
15.9 |
|
Oper. income (EBIT |
11,490,000 |
10,105,000 |
13.7 |
|
Net income |
6,295,000b |
5,377,000b |
17.1 |
|
Per share (diluted) |
1.40 |
1.20 |
13.7 |
|
Average gross margin |
21.5% |
21.4% |
- |
|
SG & A expenses |
16.5% |
16.4% |
- |
a-Net retail sales, excluding other income during the fourth quarter of $522 million vs. $475 million. Total sales for the period rose by 10.0 percent, to $57.1 billion from $51.9 billion last year. 12-month retail sales excludes other income of $2.0 billion, compared with $1.8 billion the prior year. Total sales for the 12 months rose by 15.9 percent, to $193.3 billion from $166.8 billion.
b-Fourth-quarter earnings were reduced by a $57 million loss from a subsidiary, compared with a loss of $86,000 last year; 12-month results include a $129 million loss from a subsidiary vs. a prior-year loss of $170 million. Prior-year results also were reduced by a $198 million one-time charge stemming from a change in accounting.
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