Walmart Sales Hit $466 Billion, CEO Takes Home $20.7 Million


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Mon. April 22nd, 2013

<p style="text-indent:0px; line-height:12px;"><span style="font-weight:bold;line-height:130%"> Bentonville, AR</span><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">By Eric Anderson<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">4.23.13</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>Walmart Stores Inc has released financial results for the fiscal year 2013, noting growing sales and a hefty payout to Chief Executive Mike Duke.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><img src="https://cdn.andnowuknow.com/legacyWriterImages/walmart_finance_body.jpg" alt="Images 041913" /></p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>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.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Total sales grew by five percent ($22 billion) to hit $466 billion. Walmart U.S. sales increased 3.9% to $264.19 billion.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Earnings per share rose by 10.6 percent to $5.02 and operating income grew by 4.7 percent to $27.8 billion.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The company also opened its 4,000th U.S. location last year.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.walmart.com/" target="_new">Walmart</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">