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Top related persons:
Paulo Garcia - 1 Guilherme Loureiro - 1 Monex - 1 Loureiro - 1 Carolina Pulice - 1 Noe Torres - 1 Kylie Madry - 1 Lincoln - 1
Top related locs:
MEXICO Mexico Central Central America
Top related orgs:
MEXICO CITY - 1 Central America - 1 Walmart - 1 America - 1 Thomson - 1

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2 mentions found


☆ Walmart Mexico posts slightly higher profit amid June sales uptick
  + stars: | 2023-07-27 | by ( Carolina Pulice | ) www.reuters.com   time to read: +2 min
MEXICO CITY, July 27 (Reuters) - Walmart's Mexico and Central America unit on Thursday posted a 5% year-on-year rise in its second-quarter net profit, boosted by slightly higher sales especially in June, though earnings were slightly behind forecasts. Walmart de Mexico (WALMEX.MX), the largest retailer in Mexico, posted a net profit of 11.44 billion pesos ($668 million). The company posted a profit of 0.66 pesos a share, just below the Refinitiv estimate of 0.69 pesos. Same-store sales increased 8.5% in Mexico and 9.5% in Central America, and the firm expanded its physical footprint with 22 new stores in Mexico. Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter rose 8.5% to 21.9 billion pesos.
Persons: Paulo Garcia, Guilherme Loureiro, Monex, Loureiro, Carolina Pulice, Noe Torres, Kylie Madry, Lincoln, Christopher Cushing Organizations: MEXICO CITY, Central America, Walmart, America, Thomson Locations: MEXICO, Mexico, Central, Central America
☆ Walmart's net profit rises 10% in Mexico, even as expenses climb
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +2 min
MEXICO CITY, Oct 20 (Reuters) - Walmart's Mexico unit on Thursday posted a 10% jump in third-quarter net profit, tracking analyst estimates, while expenses grew faster than revenue due to higher e-commerce and labor costs, the company said. Walmart de Mexico (WALMEX.MX), the biggest retailer in Mexico, posted a net profit of 12.15 billion pesos ($603.8 million), or 0.70 pesos a share, compared with the Refinitiv estimate of 0.69 pesos. The company known as Walmex said e-commerce makes up 4.8% of total Mexico sales, up from 4.5% a year ago. "The current environment requires a lot more focus and attention than the day-to-day business typically does," said Chief Executive Guilherme Loureiro in the results webcast. Annual inflation hit 8.76% in the first half of September.
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