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Quotes & Info
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| WMT > SEC Filings for WMT > Form 8-K on 5-Feb-2009 | All Recent SEC Filings |
5-Feb-2009
Other Events
Wal-Mart Stores, Inc. (the "Company") periodically communicates with its shareholders and other members of the investment community (collectively referred to as the "Investment Community") about our operations (the "Periodic Communications"). We do so through press releases, telecommunications and web casts. We have described our policy regarding Periodic Communications, as previously modified, in a Current Report on Form 8-K that we filed with the Securities and Exchange Commission on August 16, 2005 (the "August 2005 8-K") and in a Current Report on Form 8-K that we filed with the Securities and Exchange Commission on February 2, 2007 (the "February 2007 8-K").
Effective February 5, 2009, we have modified our policy regarding the Periodic Communications insofar as it relates to providing forecasts of the Company's comparable store sales. We will no longer provide a forecast of the Company's comparable store sales for each four-week or five-week retail sales period in the National Retail Federation's 4-5-4 retail calendar (the "Retail Calendar") when we release our sales results for the prior four-week or five-week retail sales period. Instead:
• at four times each year, we will provide the Investment Community with management's estimate of our comparable store sales for the next thirteen-week period based on the Retail Calendar (each, a "Forecast Period"). The guidance as to each Forecast Period will be provided in our release reporting our sales for the last four-week retail sales period in the immediately preceding and completed Forecast Period; and
• If our management determines that the original guidance must be updated for any reason, we will provide the Investment Community with a one-time update of management's original comparable store sales guidance for a Forecast Period in the release in which we report our sales for the five-week retail sales period in the middle of that Forecast Period.
This reporting schedule will be adjusted as appropriate and necessary to address those years in which the retail calendar contains 53 weeks.
Otherwise, our policy regarding Periodic Communications as described in the August 2005 8-K and the February 2007 8-K (including our policy regarding disclosure of our sales for each retail sales period and our fiscal year to date by means of a press release issued on the Thursday following each retail sales period in accordance with the reporting schedule listed in the investor relations section of our website at www.walmartstores.com) will remain unchanged.
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