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Walmart earnings edge higher amid headwinds

Agence France-PresseMay 16, 2013 16:30

US retail giant Walmart reported Thursday that its first quarter earnings edged higher to $3.8 billion but said comparable sales at its US stores declined. Wal-Mart Stores Inc. said its net income was up 1.1 percent from the previous year's $3.7 billion. Net income per share came in at $1.14, compared with analyst expectations of $1.15. Walmart said its US comparable store sales declined 1.4 percent due to a delay in income tax refund checks, "challenging" weather, lower-than-expected grocery inflation and payroll tax increases.

Wal-Mart's 1Q profit disappoints as it struggles with sales slump

The Canadian PressMay 16, 2013 07:47

NEW YORK, N.Y. - The first few months of the year were tough for Wal-Mart Stores Inc. The world's largest retailer reported Thursday that its first-quarter profit edged up just slightly, and the company struggled with a sales slump in its namesake business during the three-month period. The discounter also offered a quarterly profit outlook that came below Wall Street's projections. Its stock fell on the news.

Walmart raises dividend as profits rise

Agence France-PresseFebruary 21, 2013 15:17

Global retailing giant Walmart Thursday announced increased quarterly profits and a higher dividend, even as it pointed to some US and foreign challenges in the near term. Wal-Mart Stores Inc. reported net income of $5.6 billion in the fiscal fourth quarter ended January 31, up 8.6 percent from the year-ago period. Revenues rose 3.9 percent from the year-ago period to $127.9 billion. The world's largest retailer raised its fiscal 2014 dividend by 18 percent to $1.88 a share, compared with $1.59 paid during fiscal year 2013.

Wal-Mart to buy more U.S. goods, add veterans' jobs

Thomson ReutersJanuary 15, 2013 10:30

Wal-Mart, the largest private employer and retailer in the United States, also said it plans to hire 100,000 new veterans over the next five years, at a time when the U.S. unemployment rate remains well over 7 percent.