ANNUAL REPORT I GENERAL INFORMATION A) Name of the company: WALT?MART B) Company?s industry: RETAILER C) The SIC code is: 5331 and the ticket is WMT.
D) The stock exchange of Wal-Mart is New York Stock Exchange.
E) I really want to know more about Wal-Mart and how it is develop around the world. I also would like to know if it is possible to develop this kind of company in Africa.
F) The authors of this annual report are: Ernst and Young LLP.
G) The company?s web site is: www.wal-martstores.com.
The web site provide information about Wal-Mart?s history, its suppliers, how the company is organized, how to make career in Wal-Mart.
II Company Environment A) Article I: Wal-Mart and Home Depot increase Profits Source: New York Times Despite the slower economic growth in U.S., Wal-Mart stores report that its earnings rose in the second quarter. Wal-Mart?s president and Chief Executive Lee Scott said in recorded call to investors: We expect an earnings growth in the second half will show improvement over the first half of this year but the growth will not meet our original goal.
According to Mr. Lee Scott the company earnings goal will not be met because the employee salaries, medical care, utilities charges and insurance costs had risen. As a hall, retail sales edged up 0.2 last month while they were unchanged during two month June and July. Wal-Mart the world biggest retailer reported that net income edged up more than 1 percent. Analyst expected the company base in Bentonville, Ark., to earn between 36 cents and 39 cents a share, because Wal-Mart sales rose 14.5 percent. Despite the company slower forecast in its short term, analyst is making decision to try secure long run by gaining market share. Share of Wal-Mart...