Walmart CEO Focused on Growth, Leverage and Returns to Drive Greater Shareholder Value

Walmart CEO Focused on Growth, Leverage and Returns to Drive Greater
Shareholder Value
Tells Investors that Walmart Will Continue to Win in Retail

BENTONVILLE, Ark., Oct. 21 /PRNewswire-FirstCall/ -- Wal-Mart Stores, Inc.
(NYSE: WMT) President and CEO Mike Duke today provided the company's outlook
for enhancing shareholder value at the company's 16th Annual Meeting for the
Investment Community. He focused his remarks on executing three key priorities
- continuing to have aggressive growth plans, leveraging global scale and
expenses, and improving the returns of each operating segment - to further
enhance shareholder value.

"There is no retail competitor - here in the United States or anywhere in the
world - that can deliver the kind of growth that Walmart can over the next
several years," Duke said.

He also committed to improving Walmart's expense structure by taking greater
advantage of the company's scale and driving further productivity and
efficiency throughout the system.

"Expenses will grow less than sales and Walmart's entire management team is
re-energized to improve in this important metric. The productivity loop is
back at Walmart," Duke said.

Addressing return on investment (ROI), Duke said, "Each operating segment has
a long-term plan to improve ROI. We plan to continue to produce significant
free cash flow, which will drive our ROI performance and deliver greater
shareholder value."

"Growth, leverage and returns throughout the company all lead to greater
shareholder value," he said.

Duke noted that the company's strong operating performance demonstrates that
its strategies are working. He said that the company's focus on its mission of
"saving people money so they can live better" and price leadership in every
market has enabled Walmart to gain and retain new customers.

Duke concluded his opening remarks to investors by saying, "I'm competitive by
nature and I want to win. There is no doubt in my mind that Walmart will
continue to win in retail around the world."

About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) serves customers and members more than 200
million times per week at more than 8,000 retail units under 53 different
banners in 15 countries. With fiscal year 2009 sales of $401 billion, Walmart
employs more than 2.1 million associates worldwide. A leader in
sustainability, corporate philanthropy and employment opportunity, Walmart
ranked first among retailers in Fortune magazine's 2009 Most Admired Companies
survey. Additional information about Walmart can be found by visiting
www.walmartstores.com. Online merchandise sales are available at
www.walmart.com and www.samsclub.com.

This release contains statements that Walmart believes are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995, as amended, and that are intended to enjoy the protection of the safe
harbor for forward-looking statements provided by that act. These
forward-looking statements relate to Walmart's management's expectations that
Walmart will be a growth company and will continue to grow sales in the United
States and will grow aggressively in its International division, that Walmart
expenses will grow less than sales, that Walmart will drive productivity and
efficiency throughout its system, that Walmart will work harder to leverage
the size of the company, and that Walmart will continue to produce significant
free cash flow. Those statements are identified by use of the word "will grow"
or "will drive," "will work," or "plan" in the statements. Those
forward-looking statements are subject to risks, uncertainties and other
factors, domestically and internationally, including general economic
conditions, the availability of consumer credit, consumer discretionary
spending, consumer spending patterns and debt levels, unemployment levels,
fuel prices, inflation and deflation levels, weather conditions, competitive
pressures and other risks. Walmart discusses certain of these matters and
other risk factors more fully in its filings with the SEC, including its most
recent annual report on Form 10-K filed with the SEC. This release should be
read in conjunction with that annual report on Form 10-K. Walmart urges you to
consider all of these risks, uncertainties and other factors carefully in
evaluating the forward-looking statements made in this release and not to
place undue reliance on such statements. As a result of these and other
matters, including changes in facts, assumptions not being realized or other
circumstances, Walmart's actual results may differ materially from those
discussed in such forward-looking statements. The forward-looking statements
included in this release are made only as of the date of this release, and
Walmart undertakes no obligation to update such statements to reflect
subsequent events or circumstances.

SOURCE Wal-Mart Stores, Inc.

John Simley of Walmart, 1-800-331-0085