Citi's Quick Take From WMT's International Conference

Citi is providing a quick take from day one of the Wal-Mart Stores Inc WMT international conference. “As of the end of 2010, Walmart Int'l sales were 26.1% of total sales. Sales have grown at a CAGR of 13.0% since 2005, 3x the rate of Walmart U.S. and Sam's Club,” Citi writes. “Looking ahead, Walmart Int'l is expected to serve as a growth engine, with 24.6M addt'l int'l sq. ft. planned in 2011. “However, WMT is using a disciplined capital allocation framework to help balance its growth with returns, which should continue to improve.” Wal-Mart Stores closed Wednesday at $52.36.