Walmart has reported net sales of $405bn (£260bn) for its financial year to January 31, 2010 - an increase of 1% on the previous year.

Income from continuing operations attributable to Walmart increased 8.8% to $14.4bn (£9.2 bn). Full-year net sales from the international division were $100.1bn (£64bn), a 1.3% increase on last year, or 11.2% at a constant currency basis.

Walmart US achieved record operating income of $19.5bn (£12.5bn). Inventory was down 7.6% against the previous year, reflecting the ongoing implementation of Project Impact initiatives and the lower cost of goodsresulting from deflation. Sam’s Club sales were down 0.4% to $46.7bn (£29.9bn) with operating earnings down 8.1% to $1.5bn (£962m).