The logo of Walmart is pictured outside a store in Mexico City, Mexico July 27, 2023.
Walmart de Mexico, or Walmex, the biggest retailer in Mexico, posted net profit of 13.63 billion pesos ($782 million).
Quarterly revenue at the chain rose 7.7% from the year-earlier period to reach 213.07 billion pesos, missing slightly the LSEG estimate of 213.34 billion pesos.
Sales increased 9.5% in Mexico and 9% in Central America, with the retailer adding 24 new stores in Mexico and three in Central America, which contributed 1.6% to total revenues.
Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter rose 8.5% to 23 billion pesos.
Persons:
Henry Romero, Walmex, Guilherme Loureiro, Loureiro, Cofece, Valentine Hilaire, Aida Pelaez Fernandez, Brendan O'Boyle, Tom Hogue, Cynthia Osterman
Organizations:
Walmart, REUTERS, MEXICO CITY, Central America, Thomson
Locations:
Mexico City, Mexico, MEXICO, Mexican, Central America