date:Sep 05, 2012
Net income in the year ended July 29 was $774 million, equal to $2.43 per share on the common stock, down from $805 million, or $2.44 per share, in fiscal 2011. Excluding items impacting comparability in both years, adjusted net earnings declined 7%.
Net sales for the full year totaled $4,715 million, up 2% from $4,616 million in fiscal 2011.
For the fourth quarter ended July 29, the company had earnings of $127 million, equal to 40c per share on the common stock, up 27% from $100 million, or