The mega-retailer didn’t have a whole lot to complain about in fiscal 2010. Profits were up and, thanks to its sales, the company once again climbed to the top of the Fortune 500. Same-store sales were about flat for the year, but compared with Target’s 2.5% decline, flat is good.Most remarkable was Wal-Mart’s image overhaul. It helped that former CEO Lee Scott beefed up health care coverage for employees, thought more about the environment and became a public presence. Certain critics will never be placated and fiscal first-quarter results weren’t the greatest. But there’s no denying Scott left new CEO Mike Duke a company in fighting form.
|
| Key financials |
$ millions |
% change
from 2008 |
| Revenues |
408,214.0 |
0.6 |
| Profits |
14,335.0 |
7.0 |
| Assets |
170,706.0 |
— |
| Stockholders’ equity |
70,749.0 |
— |
| Market value (3/26/2010) |
208,662.5 |
— |
| Profits as % of |
|
| Revenues |
3.5 |
| Assets |
8.4 |
| Stockholders’ equity |
20.3 |
| Earnings per share |
|
| 2009 $ |
3.70 |
| % change from 2008 |
9.1 |
| 1999-2009 annual growth rate % |
11.9 |
| Total return to investors |
% |
| 2009 |
-2.7 |
| 1999-2009 annual rate |
-1.5 |
|
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