Wal-Mart Stores, Inc.

Wal-Mart Revises Capital Expenditure Forecast

Published in Lab Business Week, July 6th, 2008

Wal-Mart Stores, Inc. (NYSE:WMT) has updated its total company capital expenditure forecast for the current fiscal year, ending Jan. 31, 2009. Speaking at the William Blair Growth Stock Conference in Chicago today, Wal-Mart Executive Vice President and Chief Financial Officer Tom Schoewe said Wal-Mart expects capital expenditures for the company to fall within a range of $13.0 to $14.0 billion for fiscal year 2009.

"This range, based on our latest projections, is lower than the $13.5 to $15.2 billion range we provided last October, and it reflects Wal-Mart's ability to grow more efficiently with reduced capital expenditures," Schoewe said. "We first announced our...

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Source: Lab Business Week (2008-07-06)

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