Tom Schoewe Quotations

We have just under 1,000 projects in the pipeline for the U.S. alone, or three years worth of future growth planned. We'll do it through new stores, through acquisitions and by growing sales in our existing stores.

When Wal-Mart enters a market, we compete with some businesses, which can result in job losses.

Right now, I believe that the middle of the range is reasonable,

We believe the initiatives we are undertaking in merchandising and operations will improve the Wal-Mart customer experience.

Wal-Mart's sales have doubled and earnings have more than doubled over the past five years but we haven't done a good job in communicating that,

Wal-Mart has only 3 percent of global market share. So there's still tremendous opportunity for expansion,

Wal-Mart has improved the quality and design of many of its products, including bedding, bath, furniture and items for entertaining.

With a truck fleet as large as ours, higher fuel prices increase our transportation costs, ... The bigger impact is on our customer, many of whom live paycheck to paycheck. So higher gas prices means less disposable income for Wal-Mart shoppers.

With Easter being three weeks later this year than 2005, we expected weaker sales in March. We anticipate the April four-week period to be stronger, with comp sales of 4 to 6 percent.

The reason that we are going through so much change all at once right now is to drive a better share price.

Right now, the middle of the range seems reasonable,

Our share price will track our performance, ... Just give it some time.

As fuel prices go up, it dampens our store sales.

This impacted our operating profit by $30 million and our total utility expense rose by $100 million in the quarter,

I love the inventory turnover. But you want to know what's even more important than that? It's the product availability. If you're able to do that I think you can figure out how quickly the ROI improves.

Higher gas prices mean less disposable income for Wal-Mart shoppers,

The financial justification of opening store B near store A is based on incremental sales generated from store B,

All of this is intended to get a larger share of the wallet.