BusinessMarch 2, 1998
BUSINESS MEMO: WAL-MART EARNINGS
Wal-Mart Stores Inc. reported an 18 percent increase in fourth quarter earnings. Net income rose to $1.29 billion, or 57 cents a diluted share, from $1.10 billion, 48 cents a share from a year earlier. Meanwhile, its Sam's Club chain's operating profit increased 12 percent, to $307 million, from $274 million as sales increased 7 percent, from $5.5 billion a year ago to 5.7 billion...
Wal-Mart Stores Inc. reported an 18 percent increase in fourth quarter earnings.
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Net income rose to $1.29 billion, or 57 cents a diluted share, from $1.10 billion, 48 cents a share from a year earlier.
Meanwhile, its Sam's Club chain's operating profit increased 12 percent, to $307 million, from $274 million as sales increased 7 percent, from $5.5 billion a year ago to 5.7 billion.
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