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WAL-MART STORES, INC. REPORTS RECORD SALES AND INCOME FOR SECOND QUARTER AND SIX MONTHS TO JULY 31, 1992

 WAL-MART STORES, INC. REPORTS RECORD SALES AND INCOME
 FOR SECOND QUARTER AND SIX MONTHS TO JULY 31, 1992
 BENTONVILLE, Ark., Aug. 11 /PRNewswire/ -- Wal-Mart Stores, Inc. (NYSE: WMT; PSE) today reported sales of $13,028,445,000 for the second quarter and $24,677,875,000 for the six months ended July 31, 1992, a 26 percent gain over the second quarter and six month period a year earlier.
 Net income for the quarter increased 22 percent to $420,448,000 as compared with $345,893,000 for the same quarter in 1991. Fully diluted net income per share increased to 37 cents from 30 cents in the 1991 quarter. Net income for the six months increased 24 percent to $807,402,000 or 70 cents per share, as compared with $652,846,000, or 57 cents per share, for the corresponding six months of last year.
 The costing of inventories under the LIFO method reduced net income $15,120,000, or one cent per share, for the quarter this year compared with $15,120,000, or one cent per share, for the same quarter last year. For the six months, the costing of inventories under the LIFO method reduced net income $28,665,000, or two cents per share, compared with $28,665,000, or two cents per share, for the same period last year.
 David Glass, president and chief executive officer, commented: "Our associates are to be commended for their commitment to customer service, expense control and plain hard work that has resulted in this quarter of record sales and earnings. The level of involvement required of each associate to maintain expense control, open 38 stores and clubs and simultaneously drive sales increases of 26 percent is difficult to overstate...they just 'Make It Happen.'"
 In the second quarter the company opened 20 new Wal-Mart stores and 18 Sam's Clubs for a net addition of 6,094,509 square feet of retail floor space. Thirty-five new Wal-Mart stores, and 25 new Sam's Clubs along with expansions and relocations in both areas have added 9,982,891 square feet this year.
 At July 31, the company had 1,755 Wal-Mart stores (includes 12 Supercenter stores), 233 Sam's Clubs and four Hypermart*USA units, compared with 1,627 Wal-Mart stores (includes six Supercenter stores), 184 Sam's Clubs and four Hypermart*USA units a year ago.
 Wal-Mart (WMT) operates in a forty-four (having added Idaho in July) 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 7/31/92 7/31/91
 Sales $13,028,445 $10,339,972
 Other income 119,436 94,894
 Total revenue 13,147,881 10,434,866
 Cost of sales 10,416,519 8,208,077
 Operating, selling and
 general and administrative
 expenses 1,995,485 1,615,646
 Interest costs:
 Debt 30,979 24,348
 Capital leases 37,521 37,759
 Total costs and expenses 12,480,504 9,885,830
 Income before income taxes 667,377 549,036
 Provision for income taxes 246,929 203,143
 Net income $ 420,448 $ 345,893
 Earnings per share and
 common equivalent share $ .37 $ .30
 Avg. number of common and
 common equivalent shares 1,149,348 1,152,396
 6 mos. ended 7/31/92 7/31/91
 Sales $24,677,875 $19,620,542
 Other income 224,347 171,389
 Total revenue 24,902,222 19,791,931
 Cost of sales 19,672,845 15,538,242
 Operating, selling and
 general and administrative
 expenses 3,803,427 3,100,499
 Interest costs:
 Debt 64,245 44,848
 Capital leases 80,114 72,079
 Total costs and expenses 23,620,631 18,755,668
 Income before income taxes 1,281,591 1,036,263
 Provision for income taxes 474,189 383,417
 Net income $ 807,402 $ 652,846
 Earnings per share and
 common equivalent share $ .70 $ .57
 Avg. number of common and
 common equivalent shares 1,149,200 1,152,010
 -0- 8/11/92
 /CONTACT: Paul Carter of Wal-Mart Stores, 501-273-4184/
 (WMT) CO: Wal-Mart Stores, Inc. ST: Arkansas IN: REA SU: ERN


BR-TG -- AT001 -- 8788 08/11/92 07:46 EDT
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Date:Aug 11, 1992
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