Bentonville, AR
By Eric Anderson
4.23.13
Walmart Stores Inc has released financial results for the fiscal year 2013, noting growing sales and a hefty payout to Chief Executive Mike Duke.
Duke’s pay rose 14.1% from $18.1 million to $20.7 million last year. His cash incentive payment for fiscal 2013 neared $4.4 million, up from $2.9 million a year before.
Total sales grew by five percent ($22 billion) to hit $466 billion. Walmart U.S. sales increased 3.9% to $264.19 billion.
Earnings per share rose by 10.6 percent to $5.02 and operating income grew by 4.7 percent to $27.8 billion.
The company also opened its 4,000th U.S. location last year.
Walmart
