Citi Comments On Wal-Mart International Conference

According to Citi, Wal-Mart Stores WMT released details of international conference. Citi reported that as of the end of 2010, Walmart International sales were 26.1% of total sales. “Sales have grown at a CAGR of +13.0% since 2005, triple the rate of Walmart U.S. and Sam's Club! Looking ahead, Walmart International is expected to serve as a growth engine, with 24.6 million additional square feet 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 on Friday at $52.13.