Wal-Mart Stores Inc. Financial Report Shows Positive Growth
Wal-Mart Stores Inc., owner of one of the leading retail chain business has declared its financial reports for the year 2011. The company has also declared Global Responsibility Report and Proxy Statement for the year too. In the Wal-Mart annual report 2011, the company has provided a complete detail of its achievements in the last financial year. It has also declared its targets and priorities for the current year. CEO and President of Wal-Mart, Mike Duke has delightedly reported that the retail chain made significant positive developments in the last financial year.
WalMart Financial Report/ Analysis
According to the reports, the company has earned a sum of $419 billion in the last financial year. It has also been reported that the company has paid back a sum of $19.2 billion to its share holders. There is no previous precedence in the history of the company. The amount has been paid to the share holders by share repurchases and dividend collection. The company has also declared that its team is working hard for developing the conditions significantly in the coming months. It also plans to pay better gains to people who have invested in their stocks.
The company has discussed its business segment plans for the current year. It clearly indicates that the company has designed different strategies for improving the financial gains from its retail chains of Wal-Mart International, Wal-Mart US as well as Sam’s Club. As per reports, the top priority for the company for this current financial year is to increase its comparable store-sales income significantly. It also aims to develop the supercenters of Wal-Mart stores. The company also aims to bring new format to these stores for serving customers in a better way.
The financial reports of the company indicate that the international segment has shown positive response in the last financial year and their net sales generation has increased by twelve percent. It has also been reported that the gains have been received with the addition of new 458 units to their existing stocks. They are hopeful to see more positive changes in the coming months.
Sam’s Club unit’s stocks have also made positive developments compared to the stocks of the previous financial year. The company has modified the terms and conditions of its memberships for adding more members to Sam’s Club and improving its sales as well as stock value. The company has always been careful about its global responsibility and has formulated new strategies for fulfilling the same in the right way.