Wal-Mart Reports Revenue Growth For 4Q And FY 2016

Wal-Mart Stores, Inc., reported total revenue on a constant currency basis grew 2.2 percent to $134.4 billion in the fourth quarter of fiscal year 2016, compared with the same period of the previous year. Diluted earnings per share from continuing operations was $1.43, with adjusted EPS at $1.49. According to the retailer, comparative sales rose 0.6 percent, the sixth consecutive quarter of growth. Net sales increased 3.3 percent on a constant currency basis to $37.4 billion, compared with the same period in the previous year. For fiscal year 2016, the company said operating income fell 11.2 percent. On a reported basis, total revenue was $482.1 billion, and $499.4 billion on a constant currency basis, a growth of 2.8 percent.