February 17, 2005

What Was That About the End of WM?

Remember last Thanksgiving's tremendous fuss and worry and glee when WM same-store sales increases were not as high as its own target. Well folks, the profits for Nov 2004 - Jan 2005 were higher than the year before:

Wal-Mart Stores Inc. the world's biggest retailer, posted an increase in fourth-quarter profit Thursday that was a little above analysts' expectations.

Wal-Mart (Research) reported earnings of $3.16 billion, or 75 cents per share, for the fourth quarter ended Jan. 31, up from $2.72 billion, or 63 cents per share, a year earlier.

Analysts surveyed by earnings tracker First Call forecast EPS of 74 cents

I told you it was much ado about nothing. Now, I'd be the first to point out that it would be easy to shift costs around to make this quarter look better (and others worse), but I won't just assume that's happened. Give me some evidence.

Posted by Kevin on February, 17 2005 at 06:44 AM