Wal-Mart (NYSE:WMT) Posts Disappointing Sales and Guidance

2/18/2010-Wal-Mart (NYSE:WMT) reported Q4 EPS of $1.17, ex-items, topping consensus estimates of $1.12.

Sales in the quarter rose 4.6% year-over-year to $112.8 billion, but came in short of consensus estimates of $114.4 billion.

Wal-Mart's U.S. Q4 same-store sales fell 1.6%, ex fuel.

Wal-Mart expects fiscal year 2011 EPS of $3.90 - $4.00 (vs. consensuses estimates of $3.97).

For the fiscal first quarter, the company sees EPS of $0.81 - $0.85 (vs. consensus estimates of $0.85).

"We are confident in our strategies to grow our business around the world and deliver great returns for our shareholders," said Tom Schoewe, executive vice president and chief financial officer. "Walmart remains a very strong company financially, with record free cash flow for the second year in a row.

"Walmart doubled its share repurchase activity during the fiscal year just completed versus last fiscal year," Schoewe said. "Through our share repurchase and dividends, we returned $11.5 billion to shareholders during fiscal 2010, a level of return that is 58 percent higher than last year. We remain committed to share repurchase."