Walmart 2011 Annual Report Download - page 5

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Walmart 2011 Annual Report 3
With customers adopting technology faster than ever, we’re entering
an era of even greater price transparency. Our ASDA® price guarantee
program is a great example of that transparency. Our focus on the
productivity loop helps ensure we drive every day low cost, so we
can deliver every day low prices across our business. Walmart U.S. is also
leveraging multi-channel innovations like Site-to-Store®, Pick Up TodaySM
and Fed-Ex® Site to Store to allow our customers to shop when and how
they want. We have a web presence in many of our 15 countries and are
working to coordinate those eorts and expand to new markets where
we may not even have a physical presence. Through these and other
initiatives, we will continue to leverage our resources, lower costs and
increase our speed to market.
Leading on social issues. We continue to play an even bigger
leadership role on the social issues that matter to our customers. I am
especially proud of how sustainability is integrated throughout our business,
and how associates all over the world are involved in this initiative. This year,
we’ve published a Global Responsibility Report, expanding the dialogue to a
broader range of major issues beyond our environmental sustainability eorts.
This is a natural evolution for the company as we work toward a globally responsible
view of our impact on the world community.
Our culture is what makes us special at Walmart. The retailer that respects individuals,
puts customers rst, strives for excellence, and is trusted, will win the future. In
particular, it is important that Walmart associates obsess about serving customers
every day – listening to them and giving them what they want. Everywhere I travel,
customers tell me that they care about quality products at an aordable price, and
that’s what we need to deliver to them.
We can and do make a profound difference in people’s lives. At Walmart, we
understand this opportunity and the responsibility that comes with it. And not a
day goes by when I don’t think about how much our Board of Directors and the
management team appreciate the hard work of our 2.1 million associates. Working
together, we are building the Next Generation Walmart and making Sam Walton’s
vision a reality around the world.
Michael T. Duke
President and Chief Executive Ocer
Wal-Mart Stores, Inc.
Earnings per share
(diluted, continuing operations)
Dividends
(dollars per share)
0
0.30
0.90
1.20
$1.50
0.60
FY11
1.21
1.09
FY10
0.95
FY09
0.88
FY08
0.67
FY07
0
1
3
4
$5
2
FY11
4.18
3.73
FY10
3.35
FY09
3.15
FY08
2.93
FY07