(NewsVisual, powered by IntellectSpace) -- As nervousness surrounding concerns over a recession persisted in many sectors of the economy, the world’s largest retailer Wal-Mart Stores Inc (NYSE: WMT) reported on Tuesday morning an increase of 8.3 percent in net sales and increase of 4.0 percent in net income the same period last fiscal year, the company reported in a statement.
Specifically, income increased from $3.9 billion last year’s Q4 to $4.1 billion in this Q4.
“For the fourth quarter, we topped $100 billion in sales, the first time in history that any retailer has reached this milestone in a single quarter,” said Wal-Mart CEO/President Lee Scott in the company’s statement.
He added the following points about the company’s performance:
“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.”
The markets responded favorably to Wal-Mart’s earnings announcement, sending its share price up from the previous close of $49.44 to $49.86 in afternoon trading (1:44pm ET).
NewsVisual created an IntellectSpace Knowledge Map of the Wal-Mart’s Board of Directors in order to determine whether they are likely to be able to offer its Management Team wise business advice in the future.
The
Knowledge Map shows that
Director James Cash is also a
Director at some big names in the corporate world, including
Microsoft and
GE;
Director M Michele Burns serves on the leadership teams of
Cisco Systems and
Mercer LLC;
Director Roland A Hernandez also sits on the boards of
Lehman Brothers and
MGM Mirage, and
Director James W Breyer also sits on the boards of
RealNetworks Inc and
Marvel Entertainment Inc.
In addition, Director Aida Alvarez is an advisor to Deloitte & Touche LLP, as well as a Director for UnionBanCal Corp.
Click here for an interactive version of this IntellectSpace Knowledge Map.
(Note: the information contained and presented in Knowledge Maps is public information from the Securities and Exchange Commission of the United States of America).
