Wal-Mart Stores Inc., the world’s largest retailer, reported on Thursday that net income increased 10 percent to $3.74 billion, or $1.09 a share, from $3.4 billion, or 97 cents, a year earlier.
Total revenue rose 8.5 percent to $113 billion, according to sources. Sales in Wal-Mart’s U.S. stores increased 5.9 percent to $66.3 billion. The company’s international sales rose 15 percent to $32.1 billion.
Company also said that sales at Wal-Mart stores rose 2.6 percent in the first quarter and should rise 1 percent to 3 percent in the second quarter.
Wal-Mart is the world’s 18th largest public corporation, according to sources. The company is the largest public corporation when ranked by revenue. It is also the biggest private employer in the world with over two million employees, and is the largest retailer in the world.
[...] Read More...