Walmart 1998 Annual Report Download - page 18

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ith more than 600 units
in seven countries and
another 50 to 60 new
units planned for fiscal 1999, the
International Division plays a key
role in the Wal-Mart organization.
Along with the financial returns
from the international expansion,
we learn more each day about how
the Wal-Mart Way of doing busi-
ness can best serve customers from
diverse cultures and backgrounds.
Five years into our international
expansion, operating profits from
the International division were $24
million in fiscal 1997 and $262 mil-
lion in fiscal 1998. The division had
total revenues of $7.5 billion in the
year just completed.
Even though Wal-Mart is only
a few years into its international
experience and many of the mar-
kets are still in the early
investment stage of development, it
is notable that International is
already generating a meaningful
profit.
18
COVER REPORT: MAKING THE GRADE
The Wal-Mart Way wins customers
worldwide - and we learn more with each
country we serve.
W
W
W
The Wal-Mart Way of doing business knows no boundaries. John Evanson,
manager of Store 3064 in Oakville, Ontario, Canada, shows off a Wal-Mart value.