date:Aug 01, 2012
Net income in the year ended June 30 was $1,223 million, equal to $1.84 per share on the common stock, down 40% from $2,036 million, or $3.13 per share, in fiscal 2011. Net sales were $89,038 million, up 10% from $80,676 million in the same period a year ago.
The decline in full-year earnings in part reflected a challenging fourth quarter in which net income fell 25% to $284 million, or 43c per share, from $381 million, or 58c per share. Net sales in the fourth quarter were narrowly lower, at $