Wall Mart Stores Inc. reported a 22% increase in profit for fourth quarter of fiscal 2009. Though, the largest retailer in the World posted a decline in sales in United States. Wall Mart also gave outlook for the coming quarter and said that the company still expects some challenging conditions in the US. Wall Mart's same store sales in U. S. decreased by 1.6% in the fourth quarter ended January.

The profit reported in the quarter by the company was $4.63 billion, or $1.21 a share, increasing by 22% while the profit was posted $3.79 billion, or 96 cents per share, in the same quarter last year. The profit was mainly attributable to the cost cutting and lowered inventories.

The company posted the total Q4 sales of $113.6 billion, increasing by 4.4% as it was reported $108.75 billion in the same period last year. The total sales beat the market expectations as the analysts were expecting the sales of $114.36 billion for the quarter. The decline of 1.6% in U. S. quarterly sales was the third in a row for the company. The decline shows that US consumer spending is still weak.

"We expect continued strong growth from its international business this year but the U. S. sales will be more challenging in the first quarter," said Mike Duke, Wall Mart's president and chief executive, said.