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Wal-Mart’s 1Q earnings at a glance

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A breakdown of Wal-Mart Stores Inc.’s first-quarter results:

NET INCOME: Wal-Mart posted net income of $3.32 billion, or 88 cents per share, for the period ended April 30. That compares with $3.02 billion, or 77 cents per share in the same quarter last year.

REVENUE: Total revenue rose almost 6 percent to $99.85 billion, from $94.24 billion.

Within the company’s U.S. namesake stores, total revenue was up 1.1 percent, while Sam’s Club rose 4.6 percent. Wal-Mart’s international business enjoyed a 21.4 percent gain.

REVENUE AT STORES OPENED AT LEAST A YEAR: Revenue at stores open at least a year dropped 1.1 percent, dragged down by its U.S. namesake division. The measure is a key indicator of a retailer’s health since it excludes the effect of expansion. Wall Street analysts had expected a 0.6 percent decline.

At the company’s U.S. namesake stores, the key measure was down 1.4 percent, while at Sam’s Club, it was up 0.7 percent. The company doesn’t break out this key measure for its international business.

EXPANSION: Wal-Mart added 3.6 million square feet of retail selling space, 60 percent of which was from stores overseas.

GUIDANCE: Wal-Mart said it expects revenue at stores open at least a year for its U.S. namesake business to be anywhere from down 2 percent to up 1 percent for the second quarter.

Wal-Mart’s Sam’s Club, its wholesale division, expects the key measure to be unchanged from a year ago. The estimates exclude revenue from fuel.

Wal-Mart expects earnings per share in the range of 93 cents to 98 cents per share for the same period. Analysts surveyed by Thomson Reuters projects 98 cents per share.

Copyright 2010 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

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