Wal-Mart Stores reported record results for the...

Wal-Mart Stores reported record results for the fourth quarter and year ended Jan. 31. For the year, sales were $8.451 billion, up 32% from the previous year, and net income was up 21% to $327.5 million. Sales for the fourth quarter increased 34% to $2.774 billion, and net income rose 22% to $133.1 million. The company operated 859 Wal-Mart stores and 23 Sam’s Wholesale Clubs as of Jan. 31, compared to 745 Wal-Mart stores and 11 Sam’s units at the same time last year.