Wal-Mart revises expenditure forecast

BENTONVILLE, Ark. Speaking at the William Blair Growth Stock Conference in Chicago, Wal-Mart evp and cfo Tom Schoewe said Wal-Mart expects capital expenditures for the company to fall within a range of $13 billion to $14 billion for fiscal year 2009.

“This range, based on our latest projections, is lower than the $13.5 billion to $15.2 billion range we provided last October, and it reflects Wal-Mart’s ability to grow more efficiently with reduced capital expenditures,” Schoewe said. “We first announced our capital efficiency model and reduction in capital expenditures in June 2007. We continue to be focused in the United States on moderating supercenter growth.”