123 School Work

Walmart Case Analysis

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  For the fiscal year ended 5/31/04, revenues rose 15% to $12.25 billion. Net income before accounting change increased 28% to $945.6 million. Revenues reflect increased sales in European and the Asia Pacific markets, due to strong consumer demand and the favorable exchange rates. Net income also reflects improved gross profit margins.
  
  Improved sales in the U.S Region and increases in our other businesses drove the balance of the consolidated revenue growth.
  
  In the Asia Pacific Region, fiscal 2004 revenues increased 20% year-over-year.
  
  EMEA pre-tax income for fiscal 2004 was $750...