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WAL-MART STORES, INC., REPORTS RECORD SALES AND INCOME FOR THIRD QUARTER AND NINE MONTHS TO OCT. 31, 1993

 BENTONVILLE, Ark., Nov. 9 /PRNewswire/ -- Wal-Mart Stores, Inc. (NYSE: WMT; PSE), today reported sales of $16,826,999,000 for the third quarter and $46,983,983,000 for the nine months ended Oct. 31, 1993, a 23 percent gain over the third quarter and 22 percent over the nine month period a year earlier.
 Net income for the quarter increased 18 percent to $518,739,000 as compared with $437,804,000 for the same quarter in 1992. Net income per share increased to 23 cents from 19 cents for the quarter. Net income for the nine months increased 18 percent to $1,465,264,000, or 64 cents per share, as compared with $1,245,206,000, or 54 cents per share, for the corresponding nine months of last year.
 David Glass, president and chief executive officer, commented: "We are pleased with our record sales and earnings performance for the quarter and nine months ended Oct. 31. Our associates commitment to customer service and inventory control have positioned us well to achieve our sales and earnings objectives during the holiday quarter and for the year ended January 31, 1994."
 In the third quarter, the company opened 56 new Wal-Mart stores (and closed two stores), expanded and relocated 11 Wal-Mart stores into Supercenters, and opened 16 new Sam's Clubs for a net addition of 10,941,137 square feet of retail floor space. One hundred eleven new Wal-Mart stores, 37 Supercenters, and 70 new Sam's Clubs have added 28,481,591 square feet this year.
 At Oct. 31, the company had 1,989 Wal-Mart stores (includes 67 Supercenter stores), and 326 Sam's Clubs, compared with 1,804 Wal-Mart Stores (includes 17 Supercenter stores), and 243 Sam's Clubs a year ago.
 Wal-Mart (WMT) operates in a 48-state trade territory and its securities are listed on the New York and Pacific stock exchanges.
 WAL-MART STORES, INC. AND SUBSIDIARIES
 CONSOLIDATED STATEMENTS OF INCOME
 (Unaudited)
 (In thousands, except per share earnings)
 3 mos. ended 10/31/93 10/31/92
 Sales $16,826,999 $13,683,824
 Other income 165,186 128,275
 Total revenue 16,992,185 13,812,099
 Cost of sales 13,308,093 10,884,911
 Operating, selling and
 general and administrative
 expenses 2,718,977 2,142,966
 Interest costs:
 Debt 96,307 36,843
 Capital leases 45,413 52,452
 Total costs and expenses 16,168,790 13,117,172
 Income before income taxes 823,395 694,927
 Provision for income taxes 304,656 257,123
 Net income $ 518,739 $ 437,804
 Earnings per share and
 common equivalent share $ .23 $ .19(a)
 Avg. number of common and
 common equivalent shares 2,298,428 2,298,942
 9 mos. ended 10/31/93 10/31/92
 Sales $46,983,983 $38,361,699
 Other income 466,173 352,622
 Total revenue 47,450,156 38,714,321
 Cost of sales 37,287,662 30,557,756
 Operating, selling and
 general and administrative
 expenses 7,484,816 5,946,393
 Interest costs:
 Debt 227,419 101,088
 Capital leases 139,572 132,566
 Total costs and expenses 45,139,469 36,737,803
 Income before income taxes 2,310,687 1,976,518
 Provision for income taxes 845,423 731,312
 Net income $ 1,465,264 $ 1,245,206
 Earnings per share and
 common equivalent share $ .64 $ .54(a)
 Avg. number of common and
 common equivalent shares 2,298,792 2,298,510(a)
 (a) Adjusted to reflect the two-for-one stock split on Feb. 25, 1993.
 -0- 11/9/93
 /CONTACT: Paul R. Carter, 501-273-4184, or Steve Hunter, 501-273-8446, both of Wal-Mart Stores/
 (WMT)


CO: Wal-Mart Stores, Inc. ST: Arkansas IN: REA SU: ERN

BR-TS -- AT001 -- 2052 11/09/93 08:11 EST
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Publication:PR Newswire
Date:Nov 9, 1993
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