The company's net sales for the quarter, which ended Jan. 31, were $89.3 billion, up 8.6% from 2005's Q4. Net income came in at $3.6 billion, jumping 13.4%.
Out of the retailer's 2,285 international units, Argentina, Brazil, China and Mexico were the best performing, executives said. However, sales in the UK have softened in the area's tough retail environment. Overall, international sales were $18.4 billion, increasing 9.6%.
Wal-Mart is in the works to open 555 new units, 335 of them in the US. Domestically, the company will also renovate 1,800 stores in the next 18 months, concentrating on the apparel, electronics, fuel and home departments. Some store pharmacies will also be retooled.
Executives are forecasting same-store sales to run in the 2%- to 4%-range for the current quarter, with earnings per share coming in at 58 cents to 62 cents. For the full year, they are foreseeing an EPS increase of $2.88 to $2.95, up from $2.68 in 2005.
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