Originally Posted by MTS
I just read this story in today's WSJ:
"Wal-Mart's Earnings Jump 27% "
Wal-Mart Stores Inc.'s fiscal-fourth-quarter earnings rose 27% as the retailer capitalized on strength in its international business.
Yep. I saw that too and wondered, "What gives?" because it's not like WSJ to screw things up that badly. However, notice that it's 4th-quarter which has in it all the holiday sales. And it's the international end that helped put them over the mark for that period.
They also had some executive changes just prior to that and I think they may have inflated wherever they could to make it look as good as possible in view of that.
Anyway, I'm hanging my hat on the WSJ article and hoping to get WM's attention finally.
Good eye! Thanks.
~Jo