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Daily News

Wal-Mart Annual Sales Up Slightly
Feb 21, 2014
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Wal-Mart Stores had consolidated full-year net sales of $473.1 billion, up $7.5 billion, or 1.6%, from 2012. On a constant currency basis net sales would have increased 2.5% to $477.5 billion. The retailer said currency hurt net sales by $5.1 billion, and acquisitions added $0.7 billion.

Wal-Mart's 2014 fiscal year ended fiscal year ended Jan. 31, 2014.

Consolidated operating income was $26.9 billion for the year, down 3.1%, blamed on on-off items—without these items, underlying operating income was up 0.2% to $27.8 billion.

Walmart U.S. had operating income growth of 4.0% and was the biggest contributor to the retail chain's underlying profit growth.

Walmart's U.S. comparable store sales (without fuel) were down 0.6%. Sam's Club was up 0.7%.

Walmart International grew annual net sales to $136.5 billion, up 1.3%. On a constant currency basis, International net sales would have been up 4.6% to $140.9 billion.

Global eCommerce sales, including acquisitions, grew to more than $10 billion.

The retailer said it will expand its original Walmart U.S. capital plan for fiscal year 2015. It will accelerate U.S. small store growth through Neighborhood Market and Walmart Express units.

"In October, we announced our plan to grow our U.S. store base with large and small formats," said Bill Simon, Walmart U.S. president and CEO. "Today, we are expanding on our original plans with additional small stores. We will maintain our projection for supercenter growth with approximately 115 new stores.

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