On January 2nd, 2003, Walmart stock price closed at $51.60. Net sales rocketed to $165 million, increasing by 20% compared to the previous year. The following year, Walmart continued its global expansion and purchased the British supermarket chain ASDA.
In fiscal 1999, sales of Walmart’s international division increased by 63% year-over-year and made up more than $12 billion. It was in 1997 when Walmart reached over $100 billion in sales and Walmart stock price peaked temporarily at $27 at the end of fiscal 1997 on January 31st. Walmart stock continued to be popular on Wall Street.Īcquiring businesses and setting up joint ventures in several countries, Walmart developed into a global brand in the retail sector. In 1990, sales of Walmart were at $32.6 billion and the company had grown bigger than all its competitors in the United States. Earnings per share increased by 37% year-over-year and rose to $1.59. In the meantime, Walmart’s stores reached the number of 1,029. The company defied expectations of a slowing general growth and managed to increase its total sales by 41% compared to 1986, thus reaching $11.9 billion. Its 25th anniversary in 1987 was no exception to that rule. Walmart continued to present excellent figures. Earnings per share in 1972 amounted to $0.47. At that time, Walmart possessed 51 stores and had a sales volume of $78 million, which represented a year-over-year increase of 77%. Trading of Walmart stock on the NYSE began on August 25th, 1972, under the ticker symbol “WMT”. Walmart went public in 1970 selling its common stock for $16.50 a share. By 1967, Walmart operated 24 stores and generated $12.7 million in sales.
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