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1、A global brand:Hometown values circle the globeFuture StockFuture StockPrice Plus!The value of SAMS ClubmembershipMessage fromMiss HelenSupercenters:tomorrows success storesavailable exclusively atKeeping theFUNinQUALITY&VALUE!Every DAYKeeping theFUNinQUALITY&VALUE!Every DAY1TABLE OF CONTENTS2Presid
2、ents Message4Inside Track9Rebirth in VermontWal-Mart anchors revitalized downtown9Making miraclesOur associates own “Childrens Miracle”10 Letters11 Trivia12 Magic WandLife in the technological fast lane14 Everybodys HometownWal-Mart culture drives international growth16 The Future of RetailingSuperc
3、enters lead way to 21st century20 The Value EquationBuilding membership benefits at SAMS ClubFINANCIALS2211 Year Financial Summary24Managements Discussion and Analysis26Consolidated Statements of Income27Consolidated Balance Sheets28Consolidated Statements of Shareholders Equity29Consolidated Statem
4、ents of Cash Flows37 Corporate InformationAbout the coverTracey Murphy, her father Bob Brown and her husband DaleMurphy are all managers with Wal-Mart and dont forget herbrother, mother-in-law and brother-in-law! For more on Traceyand her Wal-Mart family, see page 16.Looking upWal-Marts latestyear w
5、as record-shattering . and thebest is yet to come,David Glass says inthe PresidentsMessage. See page 2.Star power!Washington powerhouse(and sculptor) PaulaStern is just one of thenotables who lend theirknow-how to Wal-MartsBoard of Directors. SeeInside Track, page 4.Cutting edgestate-of-the-arttechn
6、ology is akey competitiveadvantage forWal-Mart. Seepage 12.Wal-Marts worldAgnes Seto is “having much morefun” now that Wal-Mart hasexpanded to Canada not to mention six other countriesworldwide. See page 14.P R E S I D E N T S L E T T E Ral-Mart has a history of risingto the challenge. After a disap