• Walmart said yesterday that its fourth-quarter profit fell 7.4 percent to $3.79 billion, from $4.096 billion during the same period a year earlier. The company said its profits were affected by exchange rates and the cost of settling a series of lawsuits during the fiscal period.
Total sales rose to $109.12 billion from $107.34 billion, on same-store sales that were up 2.8 percent.
Wal-Mart's U.S. sales rose six percent during the quarter, while business at its Sam's Club warehouse division was flat. International sales fell 8.4 percent but a constant currency basis, international sales actually rose nine percent, the company said.
Total sales rose to $109.12 billion from $107.34 billion, on same-store sales that were up 2.8 percent.
Wal-Mart's U.S. sales rose six percent during the quarter, while business at its Sam's Club warehouse division was flat. International sales fell 8.4 percent but a constant currency basis, international sales actually rose nine percent, the company said.
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