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WALMART INC.

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Wal-Mart Stores, Inc. : Wal-Mart Names Krish Iyer As New Chief Executive for India Unit

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12/13/2013 | 12:58am EDT

By R. Jai Krishna

NEW DELHI--Wal-Mart Stores Inc.(WMT) Friday named Krish Iyer as president and chief executive of its India unit.

Mr. Iyer, will replace Walmart India's interim chief executive Ramnik Narsey, from Jan. 20, 2014. He will report to Scott Price Walmart Asia's chief executive.

The appointment comes at a time when the U.S. retailer is rejigging its India operations, seen as a key market.

Wal-Mart had named Mr Narsey as interim chief executive in June, after its president for Indian operations Raj Jain left the company.

Later in October, Wal-Mart pulled out of a joint venture with India's Bharti Enterprises Ltd., to run retail stores, and instead focus on wholesale store operations.

The world's biggest retailer by revenue set up its first wholesale cash-and-carry store in 2009 in India, and has since expanded to 20 stores across the country.

Write to R. Jai Krishna at krishna.jai@wsj.com

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Financials (USD)
Sales 2020 522 B
EBIT 2020 21 815 M
Net income 2020 14 508 M
Debt 2020 56 499 M
Yield 2020 1,83%
P/E ratio 2020 23,1x
P/E ratio 2021 22,9x
EV / Sales2020 0,75x
EV / Sales2021 0,72x
Capitalization 333 B
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Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 119,13  $
Last Close Price 117,11  $
Spread / Highest target 15,3%
Spread / Average Target 1,72%
Spread / Lowest Target -13,8%
EPS Revisions
Managers
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Brett M. Biggs Chief Financial Officer & Executive Vice President
Jeremy King Chief Technology Officer & Executive VP
Clay Johnson Enterprise Chief Information Officer & EVP
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