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Wal-Mart reports record Q1 sales & earnings
13 May '08
2 min read
Guidance
“For the second quarter of fiscal year 2009, we estimate the Company's comparable store sales increase in the United States to be between flat and two percent. As we have discussed, it is currently difficult to quantify the impact on U.S. sales from the stimulus payments,” said Tom Schoewe, Wal-Mart Stores, Inc. executive vice president and chief financial officer.
“We expect the Company's earnings per share for the second quarter to be between $0.78 and $0.81. As a reminder, last year's second quarter results included a net benefit of approximately $0.04 per share from the impact of a reduction of general liability and workers' compensation claims accruals, gains from the sale of certain real estate properties somewhat offset by charges for legal and other contingencies.”
“For the second quarter of fiscal year 2009, we estimate the Company's comparable store sales increase in the United States to be between flat and two percent. As we have discussed, it is currently difficult to quantify the impact on U.S. sales from the stimulus payments,” said Tom Schoewe, Wal-Mart Stores, Inc. executive vice president and chief financial officer.
“We expect the Company's earnings per share for the second quarter to be between $0.78 and $0.81. As a reminder, last year's second quarter results included a net benefit of approximately $0.04 per share from the impact of a reduction of general liability and workers' compensation claims accruals, gains from the sale of certain real estate properties somewhat offset by charges for legal and other contingencies.”
Wal-Mart Stores Inc
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