Walmart Stores, Inc. 2012 Earnings: Second Quarter
Comp Store Sales (stores that have been open at least a year) increased 2.2 percent in the United States, as overall (including International interests) revenue increased 4.5 percent, to $114.3 billion, for Wal-Mart's second quarter, which ended July 27. This compares to estimates of $115.8 billion as estimated by analysts.
Total profits increased to $4.02 billion, or $1.18 a share, from the second quarter of 2011. This represents a penny above analyst expectations. Company estimates have increased earnings-per-share (EPS) guidance for the full year to $4.83 to $4.93, up from the $4.72 to $4.92 previous guidance.
These estimates were released in the middle of an ongoing investigation involving its Mexican subsidiary . In April of 2012, The New York Times reported that Walmart executives at the company's headquarters in Bentonville, Ark., had received evidence about bribery allegations in 2005 and 2006 in Mexico. The company subsequently closed an internal investigation into the issue.
The DOJ and SEC have since opened investigations into the matter.