Summary
Walmart Inc. (WMT) filed an 8-K on February 2, 2007, to announce a change in its policy regarding periodic communications with the investment community. Specifically, effective February 5, 2007, the company will cease providing an estimate of its sales for each retail sales period on the Saturday following the period's end. This change alters a previous practice but does not impact other aspects of their communication policy as outlined in a prior August 2005 8-K filing. Investors should note that while the timing and method of certain sales-related disclosures are changing, Walmart will continue to release its sales for each retail sales period and fiscal year-to-date through press releases on the Thursday following each retail sales period, as per its established reporting schedule. This modification focuses on the *estimation* of sales for a specific date rather than the actual reporting, which remains consistent.
Key Highlights
- 1Walmart is changing its policy on providing sales estimates to the investment community.
- 2Effective February 5, 2007, the company will no longer provide a sales estimate for each retail sales period on the Saturday after the period ends.
- 3The company will continue to issue press releases with actual sales figures for each retail sales period and fiscal year-to-date.
- 4These actual sales figures will be released on the Thursday following each retail sales period.
- 5The modification is an update to its established policy on periodic communications, originally detailed in an August 2005 8-K filing.
- 6The core policy regarding investor communications, other than the specific sales estimate practice, remains unchanged.