“Walmart’s exceptional earnings for the fourth quarter and the full year exceeded our expectations,” said Mike Duke, Walmart’s president and CEO, in a statement.

Walmart reported financial results for the quarter and year ended January 31, 2010. Net sales for the fourth quarter of fiscal year 2010 were $112.8 billion, an increase of 4.6 percent from $107.9 billion in the fourth quarter last year. Net sales for the fourth quarter included a currency exchange rate benefit of $1.9 billion. Income from continuing operations for the quarter was $4.7 billion, an increase of almost 24 percent from $3.8 billion in the fourth quarter last year.
Net sales for the fiscal year were $405 billion, an increase of 1 percent over fiscal year 2009. On a constant currency basis, net sales for the fiscal year would have been $9.8 billion higher, increasing 3.4 percent to approximately $414.8 billion. Income from continuing operations increased to $14.4 billion from $13.3 billion in fiscal year 2009, an increase of 8.8 percent.
With the worlds largest retailer posting healthy growth figures do you think this indicates a turnaround in retail sales in the UK and Europe?