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4-Traders Homepage  >  Equities  >  Nyse  >  Wal-Mart Stores Inc    WMT

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Wal Mart Stores : Rib sale will raise funds to purchase clothes for students

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05/28/2017 | 06:22pm CEST

A $20 order of a 12-bone rack of ribs could help clothe a North Platte area student in need.

L2 For Kids, a nonprofit that serves west and central Nebraska, plans to team up with Lucky Chuck's Food Trailer from noon to 5 p.m. on Saturday. People can buy ribs on the north side of the Walmart parking lot, and all of the proceeds will buy school clothes for Lincoln County students from kindergarten through 12th grade.

Henry Potter of Willow Island started the charity in the early 2000s after mentoring two boys in western Nebraska and purchasing clothes for one of them.

"We feel that if kids look good, they feel good," he said. "They do good."

Potter remembers sitting in a cafe the day of the 1999 Columbine High School shooting and hearing area farmers complain about modern kids. Potter remembers asking them, "What can we do to make a difference?"

In 2016, L2 For Kids - named after Lazarus' second chance in the Bible - spent nearly $15,193 to help all North Platte students. This year, Potter hopes to help 250 kids.

The charity is run by volunteers, including Potter and his wife, Pat, buying reams of paper for the fliers and handouts, he said. All money stays in the town where it was raised.

Seven or eight churches sponsor the North Platte chapter. People can nominate a child or a family by calling Henry or Pat Potter at 308-530-0441 or 308-520-1104. This year, L2 For Kids added 14 new towns such as Holdrege, Callaway, Arnold and the Elwood-Eustis-Farnam area, to help kids there.

The kids get to pick out as many outfits as they can for the allotted amount given - which fluctuates depending on finances and the number of kids helped - often with the aid of a parent or guardian, Potter said. Then they check out with L2 For Kids in the Walmart garden center, to give them as much privacy as possible.

© Copyright © 2017 North Platte Telegraph. All rights reserved., source Newspapers

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Financials ($)
Sales 2018 495 178 M
EBIT 2018 22 459 M
Net income 2018 13 157 M
Debt 2018 40 803 M
Yield 2018 2,79%
P/E ratio 2018 17,89
P/E ratio 2019 16,91
EV / Sales 2018 0,56x
EV / Sales 2019 0,55x
Capitalization 236 855 M
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Mean consensus HOLD
Number of Analysts 33
Average target price 79,1 $
Spread / Average Target 1,3%
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NameTitle
C. Douglas McMillon Chief Executive Officer & Director
John Furner President
Gregory B. Penner Non-Executive Chairman
Michael J. Bender Chief Operating Officer-Global eCommerce
Brett M. Biggs Chief Financial Officer & Executive Vice President
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1st jan.Capitalization (M$)
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DAIRY FARM INTERNATION..12.99%10 820
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