News By Topic

Walmart stores serve millions of people around the globe each day – and we do our best to ensure that the products on our shelves reflect the diverse needs and wants of our customers. Our “Store of the Community” concept is helping us ensure we continue to do just that. Whether it’s locally-grown produce, the hottest seller in electronics or ever-changing seasonal items, we do our best to have the right product in the right place, right when our customers need it.

Walmart.com delivers the best in electronics, sporting goods, toys, apparel and more. Our Site to Store program lets customers shop online and have their products shipped to a Walmart store for free. Walmart.com has items not available in stores, like hot tubs, mattresses and fully assembled bedroom furniture.

Wal-Mart Stores, Inc. (NYSE: WMT) reports diluted earnings per share from continuing operations for the third quarter of fiscal year 2010 of $0.84, exceeding the company’s guidance of $0.78 to $0.82. Walmart earned $0.77 per share from continuing operations in the third quarter last year.

Net sales for the third quarter were $98.667 billion, an increase of 1.1 percent from $97.619 billion in the third quarter last year. On a constant currency basis (which assumes currency exchange rates remained the same as the prior year), net sales for the third quarter would have been $2.617 billion higher, increasing 3.8 percent to approximately $101.284 billion. Income from continuing operations increased to $3.246 billion from $3.033 billion in the same period last year, on a reported basis.

Walmart International stores, just like those in the U.S., provide excellent customer service and convenience and they offer working families the things they need at prices they can afford. At Walmart, we go to great lengths to ensure our international stores reflect the local needs and wants of our customers, and we work hard to make sure our stores are seen as vital partners in communities. This approach is the reason Walmart is being welcomed into country after country around the globe, and its also why we have tremendous potential to continue our rapid growth internationally.

Learn more about our International operations here.

At Walmart, we believe in a philosophy of operating globally and giving back locally. We are proud to be a "store of the community" by providing more than $400 million in charitable contributions to community-focused organizations around the world, but we don’t stop there. Walmart and Sam’s Club associates give back with more than one million volunteer hours each year. Through our charitable giving – monetary, in-kind and volunteer service --- we are making a difference in the communities that we serve.

At Walmart, we know that being an efficient and profitable business and being a good steward of the environment are goals that can work together. Our broad environmental goals at Walmart are simple and straightforward:

• To be supplied 100 percent by renewable energy;
• To create zero waste;
• To sell products that sustain people and the environment.

At Walmart, helping communities is what we do every day. When a crisis strikes, that charge becomes an even greater priority. From hurricanes to wild fires, from blizzards and floods to tornados, Walmart has assisted with numerous response and relief efforts over the years.

Mike Duke is the president and chief executive officer of Wal-Mart Stores, Inc. He leads a strong management team that is focused on the company’s mission of “saving people money so they can live better.” Under Mike’s leadership, Walmart continues to broaden and accelerate its global efforts on environmental sustainability, responsible sourcing and associate opportunity.

Diversity is a way of life at Walmart. And our commitment to diversity is not just something we talk about, it’s who we are. Our dedication to diversity extends from our board of directors, to our associates; from our suppliers, to our customers; and to every aspect of our business. We have long-maintained initiatives, including personnel practices and varied outreach programs, to build and retain a diverse workforce and supplier base. We've received numerous awards and honors for commitments in areas, such as being employer of choice for people with disabilities and recruiting and retaining diverse talent.

Every business in America is dealing with the rising cost of health care and shares a concern about the number of Americans who are uninsured. At Walmart and Sam’s Club, millions of working Americans put their trust in us, and we take that trust very seriously. We believe everyone should have health care coverage, and there are a number of ways that can happen. That’s why we continue to work hard to find affordable, accessible health benefit solutions for our associates and their families.

Walmart’s overall impact on the retail industry and beyond has changed the way business is conducted globally, and increased consumer benefits — regardless of where they shop. From raising tax revenues and lowering overall pricing on goods, to boosting customer traffic at surrounding stores and creating new jobs, Walmart takes every opportunity to be a good neighbor and to provide economic advancements in communities it serves throughout the world. Learn more.

At Walmart, we’re proud to offer our associates a host of benefits, including affordable health and dental coverage, 401(K) / profit-sharing plans and bonuses and other incentives. Our associates also enjoy merchandise discounts and contributions to an associate stock-purchase plan.

For each new Walmart store, we hire hundreds of associates and provide them real career opportunities - in fact, 76 percent of our managers began as hourly associates. With our “store of the community” concept, each store helps local families save money and live better with affordable prices on products that fit their unique needs. And we’re proud to benefit not just our customers but their communities as well, boosting the local economy and serving as a good neighbor.