Walmart 1999 Annual Report Download - page 3

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DIRECTORS
Jeronimo Arango
John A. Cooper, Jr.
Stephen Friedman
Stanley C. Gault
David D. Glass
Roland A. Hernandez
Dr. Frederick S. Humphries
E. Stanley Kroenke
Elizabeth A. Sanders
Jack C. Shewmaker
Donald G. Soderquist
Dr. Paula Stern
Jose H. Villarreal
John T. Walton
S. Robson Walton
CHAIRMAN S. Robson Walton
OF THE BOARD
PRESIDENT AND CEO David D. Glass
SENIOR VICE Donald G. Soderquist
CHAIRMAN
VICE CHAIRMAN,COO H. Lee Scott, Jr.
EXECUTIVE VP,Paul R. Carter
PRESIDENT-
WAL-MART REALTY
EXECUTIVE VP-Bob Connolly
MERCHANDISING
EXECUTIVE VP
,Thomas M. Coughlin
PRESIDENT AND CEO
WAL-MART STORES
DIVISION
EXECUTIVE VP-David Dible
SPECIALTY DIVISION
EXECUTIVE VP,Thomas Grimm
PRESIDENT AND CEO
SAM’S CLUB DIVISION
EXECUTIVE VP
,Bob L. Martin
PRESIDENT AND CEO
INTERNATIONAL DIVISION
EXECUTIVE VP
,CFO John B. Menzer
EXECUTIVE VP-Nick White
FOOD DIVISION
SENIOR VP
,SECRETARY Robert K. Rhoads
AND GENERAL COUNSEL
SENIOR VP-FINANCE J.J. Fitzsimmons
AND TREASURER
1999 ANNUAL REPORT
3
From our most far-flung facilities to the Saturday morning meetings at the Home
Office in Bentonville, seemingly everything that happens at Wal-Mart
is accompanied by a rousing rendition of the Wal-Mart cheer. But where a school or
another company may cheer that they’re “Number One,” at Wal-Mart we drive our
key principle home by ending our cheer with:
“Who’s Number One? The Customer!”
And that brings us to the theme for our 1999 Annual Report: What’s the best way
to serve the customer? Know what the customer wants!
Did you know that Wal-Mart has one of the largest databases in the world? Our
storehouse of information is used to look for new ways to give customers what they
want – better, faster and, of course, at Every Day Low Prices.
So as you read this annual report, watch first for the People Greeters from
throughout the company whose photos welcome you to each story. Then keep your
eyes open for examples of Wal-Mart’s 900,000 merchants and the ways we use today’s
technologies to ensure that at Wal-Mart, the customer is Number One – Always.
ABOUT THE 1999 ANNUAL REPORT
FINANCIAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS
NET SALES
95 $82.5
96 $93.6
97 $104.9
98 $118.0
99 $137.6
60 90 120 150
EARNINGS PER SHARE
95 $.59
96 $.60
97 $.67
98 $.78
99 $.99
0.4 0.6 0.8 1.0
RETURN ON ASSETS
95 9.0%
96 7.8%
97 7.9%
98 8.5%
99 9.6%
RETURN ON SHAREHOLDERS’ EQUITY
95 22.8%
96 19.9%
97 19.2%
98 19.8%
99 22.4%
6 7 8 9 10
18 20 22 24