PROJECTION ANALYSIS FOR WALMART INC.

Period Ending: 1/31/2020 1/31/2019

Total Revenue $ 530,926,546 $ 515,462,666
Cost of Revenue $ 377,178,772 $ 373,444,329
Gross Profit $ 153,747,774 $ 142,018,337
Operating Expenses:
Research and Development $ - $ -
Sales, General and Admin. $ 101,853,000 $ 97,041,000
Non-Recurring Items $ - $ -
Other Operating Items $ - $ -
Operating Income $ 22,764,000 $ 24,105,000
Add'l income/expense items $ 100,000 $ 81,000
Earnings Before Interest and Tax $ 22,864,000 $ 24,186,000
Interest Expense $ 2,367,000 $ 2,548,000
Earnings Before Tax $ 207,505,774 $ 188,139,337
Income Tax $ 62,251,732 $ 56,441,801
Minority Interest $ (650,000) $ (386,000)
Equity Earnings/Loss Unconsolidated Subsidiary $ - $ -
Net Income-Cont. Operations $ 145,254,042 $ 131,697,536
Net Income $ 144,604,042 $ 131,311,536
Net Income Applicable to Common Shareholders $ 144,604,042 $ 131,311,536
WALMART INC. Cost growth 1%
1/31/2018 1/31/2017 Sales growth 3%
$ 500,449,190 $ 485,873,000
$ 369,746,860 $ 361,256,000
$ 130,702,330 $ 124,617,000

$ - $ -
$ 93,418,000 $ 101,853,000
$ - $ -
$ - $ -
$ 27,147,000 $ 22,764,000
$ 113,000 $ 100,000
$ 27,260,000 $ 22,864,000
$ 2,461,000 $ 2,367,000
$ 167,139,330 $ 178,375,000
$ 50,141,799 $ 53,512,500
$ (736,000) $ (650,000)
$ - $ -
$ 116,997,531 $ 124,862,500
$ 116,261,531 $ 124,212,500
$ 116,261,531 $ 124,212,500
 WALMARTS SALES FORECAST FOR
YEAR MONTH Retail goods Pharmacy Photo Services
2019 JANUARY $1,000.00 $3,000.00 $4,000.00
FEBRUARY $1,020.00 $3,090.00 $4,080.00
MARCH $1,040.40 $3,182.70 $4,161.60
APRIL $1,061.21 $3,278.18 $4,244.83
MAY $1,082.43 $3,376.53 $4,329.73
JUNE $1,104.08 $3,477.82 $4,416.32
JULY $1,126.16 $3,582.16 $4,504.65
AUGUST $1,148.69 $3,689.62 $4,594.74
SEPTEMBER $1,171.66 $3,800.31 $4,686.64
OCTOBER $1,195.09 $3,914.32 $4,780.37
NOVEMBER $1,218.99 $4,031.75 $4,875.98
DECEMBER $1,243.37 $4,152.70 $4,973.50
2020 JANUARY $1,268.24 $4,277.28 $5,072.97
FEBRUARY $1,293.61 $4,405.60 $5,174.43
MARCH $1,319.48 $4,537.77 $5,277.92
APRIL $1,345.87 $4,673.90 $5,383.47
MAY $1,372.79 $4,814.12 $5,491.14
JUNE $1,400.24 $4,958.54 $5,600.97
JULY $1,428.25 $5,107.30 $5,712.98
AUGUST $1,456.81 $5,260.52 $5,827.24
SEPTEMBER $1,485.95 $5,418.33 $5,943.79
OCTOBER $1,515.67 $5,580.88 $6,062.67
NOVEMBER $1,545.98 $5,748.31 $6,183.92
DECEMBER $1,576.90 $5,920.76 $6,307.60
2021 JANUARY $1,608.44 $6,098.38 $6,433.75
FEBRUARY $1,640.61 $6,281.33 $6,562.42
MARCH $1,673.42 $6,469.77 $6,693.67
APRIL $1,706.89 $6,663.87 $6,827.55
MAY $1,741.02 $6,863.78 $6,964.10
JUNE $1,775.84 $7,069.70 $7,103.38
JULY $1,811.36 $7,281.79 $7,245.45
AUGUST $1,847.59 $7,500.24 $7,390.36
SEPTEMBER $1,884.54 $7,725.25 $7,538.16
OCTOBER $1,922.23 $7,957.01 $7,688.93
NOVEMBER $1,960.68 $8,195.72 $7,842.70
DECEMBER $1,999.89 $8,441.59 $7,999.56
2022 JANUARY $2,039.89 $8,694.83 $8,159.55
FEBRUARY $2,080.69 $8,955.68 $8,322.74
MARCH $2,122.30 $9,224.35 $8,489.20
APRIL $2,164.74 $9,501.08 $8,658.98
MAY $2,208.04 $9,786.11 $8,832.16
JUNE $2,252.20 $10,079.70 $9,008.80
JULY $2,297.24 $10,382.09 $9,188.98
AUGUST $2,343.19 $10,693.55 $9,372.76
SEPTEMBER $2,390.05 $11,014.36 $9,560.21
OCTOBER $2,437.85 $11,344.79 $9,751.42
NOVEMBER $2,486.61 $11,685.13 $9,946.45
DECEMBER $2,536.34 $12,035.69 $10,145.37
ES FORECAST FOR GLOBAL SALES
Financial Services Wireless Service TOTAL SALES MILLION $
$2,500.00 $2,000.00 $12,500.00
$2,525.00 $2,040.00 $12,755.00
$2,550.25 $2,080.80 $13,015.75
$2,575.75 $2,122.42 $13,282.39
$2,601.51 $2,164.86 $13,555.06
$2,627.53 $2,208.16 $13,833.91
$2,653.80 $2,252.32 $14,119.09
$2,680.34 $2,297.37 $14,410.76
$2,707.14 $2,343.32 $14,709.07
$2,734.21 $2,390.19 $15,014.18
$2,761.56 $2,437.99 $15,326.27
$2,789.17 $2,486.75 $15,645.49 $168,166.97
$2,817.06 $2,536.48 $15,972.04
$2,845.23 $2,587.21 $16,306.08
$2,873.69 $2,638.96 $16,647.81
$2,902.42 $2,691.74 $16,997.40
$2,931.45 $2,745.57 $17,355.07
$2,960.76 $2,800.48 $17,720.99
$2,990.37 $2,856.49 $18,095.39
$3,020.27 $2,913.62 $18,478.47
$3,050.48 $2,971.89 $18,870.44
$3,080.98 $3,031.33 $19,271.53
$3,111.79 $3,091.96 $19,681.96
$3,142.91 $3,153.80 $20,101.96 $215,499.14
$3,174.34 $3,216.87 $20,531.78
$3,206.08 $3,281.21 $20,971.66
$3,238.14 $3,346.84 $21,421.84
$3,270.52 $3,413.77 $21,882.59
$3,303.23 $3,482.05 $22,354.18
$3,336.26 $3,551.69 $22,836.87
$3,369.62 $3,622.72 $23,330.94
$3,403.32 $3,695.18 $23,836.68
$3,437.35 $3,769.08 $24,354.38
$3,471.73 $3,844.46 $24,884.35
$3,506.44 $3,921.35 $25,426.89
$3,541.51 $3,999.78 $25,982.32 $277,814.49
$3,576.92 $4,079.77 $26,550.97
$3,612.69 $4,161.37 $27,133.17
$3,648.82 $4,244.60 $27,729.26
$3,685.31 $4,329.49 $28,339.60
$3,722.16 $4,416.08 $28,964.55
$3,759.38 $4,504.40 $29,604.48
$3,796.97 $4,594.49 $30,259.77
$3,834.94 $4,686.38 $30,930.82
$3,873.29 $4,780.11 $31,618.02
$3,912.03 $4,875.71 $32,321.79
$3,951.15 $4,973.22 $33,042.56
$3,990.66 $5,072.69 $33,780.75 $360,275.74
 YEARLY SUMMARY
YEARS TOTAL SALES
2019 $168,166.97
2020 $215,499.14
2021 $277,814.49
2022 $360,275.74

*Only using selected sectors

 WALMARTS SALES FORECAST FO
$40,000.00

$35,000.00

$30,000.00

$25,000.00

$20,000.00
Sales Revenue

$15,000.00

$10,000.00

$5,000.00

$0.00

APRIL

APRIL
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AUGUST

JANUARY
FEBRUARY

MAY

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FEBRUARY

JUNE

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AUGUST
SEPTEMBER

DECEMBER

DECEMBER
OCTOBER
NOVEMBER

SEPTEMBER
OCTOBER
NOVEMBER
MARCH

MARCH
2019 2020

Retai l goods Pharma cy Photo Servi ces Fi nan

 MAY

ma cy
JUNE

2020
JULY
AUGUST
SEPTEMBER
OCTOBER

Photo Servi ces

NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL

Fi nanci a l Servi ces

MAY
JUNE

2021
JULY
TS SALES FORECAST FOR GLOBAL SALES

AUGUST
SEPTEMBER

Wi rel es s Servi ce
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
2022

JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER