The Joplin Globe, Joplin, MO

Local News

May 16, 2013

Wal-Mart reports slight increase in earnings, sales

BENTONVILLE, Ark. — The world’s largest retailer on Thursday reported first-quarter earnings of $1.14 per share and net income of nearly $3.8 billion on sales of $114.2 billion.

That compares with earnings of $1.09 per share and net income of $3.74 billion on total sales of $113.0 billion for the same period one year earlier.

Wal-Mart’s first quarter ended April 30.

The company also announced this week that it expect second-quarter earnings per share to come in between $1.22 and $1.27, compared with $1.18 last year.

Comparable sales for stores open at a least one year in the United States showed a decline of 1.4 percent in the first quarter over the previous year.

The company in a statement attributed that to a delay in income tax refund checks this spring, “challenging weather conditions,” less grocery inflation than expected and the payroll tax increase, which went into effect at the first of the year.

“In a quarter marked by considerable headwinds to top line sales, Wal-Mart delivered solid earnings per share growth of 4.6 percent,” Mike Duke, president and chief executive officer, said in a statement.

“I’m confident about our long-term strategy and the direction Wal-Mart is headed,” he added. “Our expectations about our U.S. businesses’ performance, coupled with more discipline in international, will allow us to improve our performance throughout the year.”

According to Duke, Internet sales grew more than 30 percent in the first quarter compared with the first quarter of last year.

Stock buyback

During its latest first quarter, Wal-Mart Stores Inc. repurchased approximately 30 million shares of its stock at a cost of about $2.2 billion. In addition, the company paid $1.6 billion in dividends.

 

1
Text Only
Local News
  • 0420earthday.jpg Prairie State Park kicks off Earth Day events

    Prairie State Park began celebrating Earth Day early with an event Saturday that provided a chance for people of all ages to learn more about how they can protect the environment.

    April 19, 2014 1 Photo

  • Joplin Catholic schools to hold annual spring auction

    The Joplin Area Catholic Schools spring auction will be staged Saturday at the Jack Lawton Webb Convention Center, 5300 S. Range Line Road in Joplin.

    April 19, 2014

  • Wally Kennedy MUG72.jpg Wally Kennedy: Another pizza choice and ice cream on the way

    A new pizza restaurant is coming to the northwest corner of Stone’s Corner in the Village of Airport Drive. Piez is opening this week in a storefront that formerly housed Quincy Magoo’s, 6039 N. Main Street Road, which has been closed for more than two years.

    April 19, 2014 1 Photo

  • mike pound_cnhi .jpg Mike Pound: No more hiding Easter eggs or emotions

    Well, that’s a wrap on the Easter egg hunts. For about 15 years we have staged not one, but two Easter egg hunts for our now 16-year-old daughter, Emma.

    April 19, 2014 1 Photo

  • 041914 Wedding1_72.jpg VIDEO: Cancer patient walks down aisle in wedding thrown by friends

    A year ago, Schandera Jordan was diagnosed with a rare form cervical cancer. And months after a radical hysterectomy, doctors confirmed the worst: The cancer had spread to her lungs and pancreas.

    April 19, 2014 2 Photos

  • r041614giregabby.jpg SLIDE SHOW: Teen with cystic fibrosis finds widespread support

    When the Nevada Show Choir performs its spring show on stage, it’s impossible to pick out the student with cystic fibrosis because there are no outward clues.
    Gabby Gire, 18, is just another performer. She sings, she dances, she smiles for the audience.

    April 19, 2014 1 Photo 1 Slideshow

  • Enrollment open for Joplin summer school

    Enrollment is now open for the Joplin school district’s summer school session, which will run Wednesday, June 4, though Tuesday, July 1.

    April 19, 2014

  • r041814capbus4.jpg Funding shortfall could hinder public transportation in Southeast Kansas

    For the past two years, Pittsburg State University sophomore Travis Cook has been using public transportation to get to and from his classes. He began using the bus his freshman year, when he didn’t have a vehicle to drive even to the grocery store — which is said to be the case for many who use the service.

    April 18, 2014 2 Photos

  • Bruner denied change of venue for murder trial

    Circuit Judge Gayle Crane has denied a change of venue for a defendant charged with fatally shooting an assistant football coach at Missouri Southern State University. The attorney for Jeffrey Bruner claimed pretrial publicity as the reason for seeking a change of venue in Jasper County Circuit Court.

    April 18, 2014

  • Russell family sues city, Joplin police

    Family members of a teenage girl whose suicide a year ago brought them into conflict with police officers and emergency medical technicians are suing the city and the Joplin Police Department. Kevin and Julissa Russell and their son, Brant Russell, are the plaintiffs in a lawsuit filed in Jasper County Circuit Court. The action filed on the Russells’ behalf by Kansas City attorney Andrew Protzman names the city, the Police Department and Officers Austin Wolf and Tyler Christensen as defendants.

    April 18, 2014

Must Read
Sports
Photos


Facebook
Poll

The United States is considering deploying about 150 soldiers for military exercises to begin in Poland and Estonia in the next few weeks, following Russia's buildup of forces near its border with Ukraine. Do you think we should deploy these troops?

Yes
No
     View Results
Opinion
Twitter Updates
Follow us on twitter