Walmart Reveals FY15 Capital Expenditure Plan - Quick Facts

(RTTNews) - Wal-Mart Stores Inc. (WMT) said Tuesday it expects capital spending for fiscal year 2015 to range between $11.8 billion and $12.8 billion, $200 million lower than the revised fiscal year 2014 projection.

"Our underlying businesses are solid, and we are pleased that we will add approximately 34 million net new square feet of retail space this year, even with a tough and unpredictable economy," said Wal-Mart Stores CEO Mike Duke.

Wal-Mart forecasts that net sales for the current fiscal year will range between $475 billion and $480 billion. Analysts polled by Thomson Reuters expect sales of $480.67 billion.

The company reported total revenue of $231.1 billion through the second quarter ended July 2013.

Wal-Mart plans to grow company net sales 3 to 5 percent in fiscal year 2015, which is projected to increase net sales by $14 to $24 billion. We expect to add another 33 to 37 million net retail square feet around the world next year.