Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC. (AAPL)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Wal-Mart CEO earned less on income, sales results

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/16/2012 | 03:56pm EDT

Wal-Mart Stores Inc (>> Wal-Mart Stores, Inc.) Chief Executive Mike Duke earned $18.1 million last year, down from $18.7 million a year earlier, as the company's operating income and sales growth fell short of goals.

Wal-Mart Stores Inc (>> Wal-Mart Stores, Inc.) Chief Executive Mike Duke earned $18.1 million last year, down from $18.7 million a year earlier, as the company's operating income and sales growth fell short of goals.

Wal-Mart also said Google Inc (>> Google Inc) executive Marissa Mayer would stand for election to the Wal-Mart board at the company's annual shareholders meeting on June 1. If elected, Mayer would become the sixteenth member of the board.

While the company's huge Walmart U.S. retail operation finally reversed its prolonged sales slump last year, overall performance and results at both Walmart U.S. and the retailer's international unit fell short of expectations.

Duke's cash incentive payment for fiscal 2012, ended January 31, fell to $2.88 million from $3.85 million a year earlier and $4.8 million in fiscal 2010, Wal-Mart said in a regulatory filing on Monday. Duke earned 71 percent of his target cash incentive payment for fiscal 2012, down from 97.4 percent in fiscal 2011 and 125 percent in fiscal 2010.

ONE OF FIVE STRATEGIES

The board's nomination of Mayer, 36, underscores Wal-Mart's desire to become a better online and mobile destination for shoppers.

"We are on the cusp of a massive transformation in the way people shop in our increasingly connected world," Wal-Mart Chairman Rob Walton said in a statement. "Marissa's insights and expertise in the technology and consumer areas are valuable assets to Walmart as we move forward."

In a letter to shareholders, Duke outlined five strategies for Wal-Mart's future, starting with development of the company's people. Winning in global e-commerce was third on the list.

Wal-Mart's board added a technology and e-commerce committee last year, Walton noted in another letter, emphasizing the focus Wal-Mart now has on e-commerce, social and mobile retailing.

Despite its dominance in traditional retail, Wal-Mart is only the sixth-largest Internet retailer, behind Amazon.com Inc (>> Amazon.com, Inc.), Staples Inc (>> Staples, Inc.), Apple Inc (>> Apple Inc.), Dell Inc (>> Dell Inc.) and Office Depot Inc (>> Office Depot, Inc.), according to industry publication Internet Retailer.

Mayer joined Google in 1999 as its first female engineer and has been its vice president of local and maps since 2010.

However, Mayer is not part of the "senior leadership" team listed on Google's website, a group that was revamped after Larry Page became CEO a year ago. She was appointed to Google's elite Operating Committee in October 2010, but she was not included when Page replaced that committee six months later with a different structure dubbed the L-Team.

U.S. SALES REBOUND, DUKE PAID LESS

Throughout fiscal 2012, Duke said his top priority was a return to sales growth at stores open at least a year -- a key gauge of retail health known as same-store sales -- at the Walmart U.S. chain.

Quarterly same-store sales at Walmart U.S. moved back into positive territory during the third quarter after nine consecutive quarterly declines.

Total sales rose 5.9 percent to $443.85 billion in fiscal 2012. Walmart U.S. sales rose 1.5 percent to $264.19 billion, with same-store sales up 0.3 percent.

Operating income rose 4 percent to $26.6 billion. Adjusted operating income grew 3 percent, less than needed for Duke to receive a larger cash incentive payout.

(Reporting by Jessica Wohl in Chicago, additional reporting by Alexei Oreskovic in San Francisco; Editing by Gerald E. McCormick, John Wallace and Steve Orlofsky)

By Jessica Wohl

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on APPLE INC.
04:28a APPLE : Premier Asset Managment Lowered By $813,165 Its Apple Computer Com (AAPL..
05/29 FROM THE MOON TO KANSAS TO SOTHEBY'S : Bag could bring $2 million-plus at auctio..
05/29 Intel - Envision a World with Thunderbolt 3 Everywhere
05/29 NOKIA OYJ : Resolutions of the Nokia Annual General Meeting 2017
05/29 QUALCOMM : Sues Back Apple Suppliers
05/29 APPLE : Apples new HQ is capable of generating 17 megawatts of solar electricity
05/29 MICROSOFT : Intel partners with Microsoft for increased Thunderbolt 3 support on..
05/28 APPLE INC. (NASDAQ : AAPL): iPhone Saves Woman’s Life in Manchester Arena ..
05/28 APPLE : Publishers call for rethink of proposed changes to online privacy laws
05/28 Gazprom executive to meet EU antitrust chief, may have to improve concessions
More news
Sector news : Computer Hardware - NEC
05/26DJLENOVO : Resets to Regain Its PC Crown -- WSJ
05/25DJLENOVO : China's Lenovo Reboots After Losing PC Crown to HP
05/25 LENOVO : China's Lenovo says will not phase out its own phone brand
05/25DJLENOVO : 4Q Net Profit Down 41% to US$107 Million
05/24 HP : results beat in 'breakthrough' quarter for PC, printers
More sector news : Computer Hardware - NEC
News from SeekingAlpha
05/29 BIOTECH FORUM DAILY DIGEST : Headwinds Remain. Spotlight On MediWound
05/28 Google's Very Weak Excuse
05/27 Apple, too, is working on a dedicated AI chip
05/27 Apple Uses Its Chip Expertise To Move Ahead In AI
05/26 Apple developing AI-focused chip
Advertisement
Financials ($)
Sales 2017 226 899 M
EBIT 2017 60 709 M
Net income 2017 46 767 M
Finance 2017 164 970 M
Yield 2017 1,53%
P/E ratio 2017 17,21
P/E ratio 2018 14,79
EV / Sales 2017 2,80x
EV / Sales 2018 2,44x
Capitalization 800 898 M
More Financials
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | 4-Traders
Full-screen chart
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 48
Average target price 155 $
Spread / Average Target 0,79%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
APPLE INC.32.63%800 898
HP INC24.46%31 229
HEWLETT PACKARD ENTERP..-18.63%31 215
SEAGATE TECHNOLOGY PLC11.42%12 616
PEGATRON CORPORATION--.--%7 867
LENOVO GROUP LIMITED2.75%6 914
More Results