Wal-Mart Stores Q2 net income slightly down

Wal-Mart Stores has reported a net income of $3.44 billion, or $0.88 per diluted share, for the second quarter ended July 31, 2009, compared to $3.45 billion, or $0.87 per diluted share, in the second quarter of 2008.

For the second quarter of 2009, net sales were $100.08 billion, a decrease of 1.4% from $101.55 billion in the second quarter of 2008.

For the first six months ended July 31, 2009, net sales were $193.55 billion, compared to $195.59 billion in the same period of 2008. Net income was $6.46 billion, or $1.65 per diluted share, compared to $6.47 billion, or $1.63 per diluted share, in the same period of 2008.

Mike Duke, president and CEO of Wal-Mart Stores, said: "Our earnings exceeded consensus estimates and were at the top of our guidance. We are pleased with the performance of our operations around the world. We believe that our comparable store sales continued to outperform the retail sector almost everywhere we do business.

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