Home / Knowledge / News / Apparel/Garments / Q4FY14 sales inch up 1.4% at global retailer Wal-Mart
Q4FY14 sales inch up 1.4% at global retailer Wal-Mart
27
Feb '15
For the fourth fiscal quarter ended January 31, 2015, Wal-Mart Stores, Inc, the biggest global retailer posted a 1.4 per cent year over year hike in consolidated net sales.

Consolidated net sales for the fourth quarter amounted to $130.7 billion, up 1.4 per cent over the corresponding period of the previous fiscal.

According to a Wal-Mart press release, this quarter included the negative impact of approximately $2.6 billion from currency exchange rate fluctuations.

On a constant currency basis, net sales rose 3.5 per cent to $133.2 billion, while membership and other income declined 0.5 per cent.

For the reporting quarter, consolidated net income totaled to $5.0 billion, a massive increase of 12.1 percent.

Diluted earnings per share from continuing operations attributable to Walmart were $1.53, compared to last year's $1.34.

For the full fiscal 2015, consolidated net sales for the year amounted to $482.2 billion, a rise of 1.9 per cent over fiscal 2014.

“Net sales included approximately $5.3 billion of negative impact from currency exchange rate fluctuations, while membership and other income expanded 6.3 per cent.”

Net income for fiscal 2015 climbed by 2.1 per cent from the previous fiscal to $16.4 billion and diluted earnings per share from continuing operations stood at $4.99, or 2.9 per cent above last fiscal.

Alongside, the US retailer also announced a significant investment in its people and e-commerce businesses for the new fiscal year, along with its annual shareholder dividend.

CEO Doug McMillon announced a bold new initiative on pay and training for US associates.

According to Wal-Mart, around 500,000 full and part-time associates at Wal-Mart US stores and Sam's Clubs will receive pay raises in the first half of the current fiscal year.

Current and future associates will benefit from this initiative, which ensures that Wal-Mart hourly associates earn at least $1.75 above today's federal minimum wage, or $9.00 per hour, in April.

The following year by February 1, 2016, current associates will earn at least $10.00 per hour.

“Like many other global companies, we faced significant headwinds from currency exchange rate fluctuations, so I am pleased that we delivered fiscal year revenue of $486 billion,” Mcmillon said.

He added, “We will continue to integrate our physical locations with a great e-commerce and mobile commerce business.” (AR)

Fibre2fashion News Desk - India


Must ReadView All

OECD urges UK for close EU ties to meet Brexit challenges

Textiles | On 24th Oct 2017

OECD urges UK for close EU ties to meet Brexit challenges

The British economy has weakened following the decision to leave the...

Accord, Alliance to leave Bangladesh in 2018

Apparel/Garments | On 24th Oct 2017

Accord, Alliance to leave Bangladesh in 2018

Accord and Alliance, the two western buyers' platforms working to...

Gujarat govt announces bonus for cotton farmers

Textiles | On 24th Oct 2017

Gujarat govt announces bonus for cotton farmers

The Gujarat government has announced a bonus of Rs 100 per 20 kg for...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.1%
No
12.7%
Skip
11.3%

Total Votes: 71

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
28.2%
Skip
9.9%

Total Votes: 71

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.9%
No
9.9%
Skip
4.2%

Total Votes: 71

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
76.1%
No
11.3%
Skip
12.7%

Total Votes: 71


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search