Wal-Mart reports record Q4 sales and earnings

20 Feb '08

3 min read

"We had a very strong underlying operating performance, exceeding our expectations for the quarter. In addition to another year of record sales and earnings, we also delivered a record return to our shareholders this year through more than $11 billion in share repurchase and dividends."

Scott attributed the strong results to the Company's price leadership and improved customer service, especially at the Wal-Mart Stores U.S. division.

"The price leadership strategy we put in place at the beginning of the year was exactly the right strategy for our customers around the world in a tough economic environment," Scott said. "The combination of price leadership and improved customer service made the difference in the fourth quarter for our U.S. operations, and I also want to thank our Sam's Clubs and International associates for their record performances this year.

"We know that the economy remains a critical factor in this new fiscal year," Scott added. "Customers were more cautious in their spending in January. In a volatile economy, I believe we are well positioned to succeed. We will continue to strengthen our price leadership around the world."

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