WalMart de Mexico
Department Stores, Shopping Centers & Superstores · Mexico · 10K+ Employees
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Overview
Headquarters
78 Nextengo, Mexico City, Ciudad de Méxi...Phone Number
+52 5552830100Website
www.walmex.mxRevenue
$58.1 BillionStock Symbol
WALMEXIndustry
About WalMart de Mexico
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WalMart de Mexico News & Media
Walmart Mexico's market value sheds $3.7 billion after Q2 profit dip
MEXICO CITY (Reuters) -Walmart's Mexico and Central America unit, known as Walmex, saw some $3.7 billion wiped from its market value on Thursday after the retailer posted weaker-than-expected margins for its second quarter, although revenues grew. The stock tumbled 7.4% on Thursday, its steepest daily decline since 2020, decreasing Walmex's market capitalization by 68.6 billion Mexican pesos ($3.7 billion). Mexico's largest retailer, which operates Walmart, Sam's Club and Bodega Aurrera stores aWalmart in Mexico posts weaker-than-expected 7% dip in Q1 net profit
Walmex Chief Executive Officer Ignacio Caride said in a video message the quarter was hit by challenging macroeconomic conditions and negative comparative effects, such as the Semana Santa holiday taking place in the second quarter instead of the first. The company reported a 1.4% rise in same-store sales in Mexico and 1.9% growth in Central America. It added 17 stores in Mexico and three in Central America.Walmart Mexico to invest $6 billion in 2025
MEXICO CITY (Reuters) -Walmart's Mexico unit said on Thursday it would invest more than $6 billion in the country this year, around triple its planned spending from the year before. The funds will go toward opening new stores and to continue construction on two distribution centers, according to the firm. Mexico City-listed shares climbed more than 2% on the announcement.Walmex posts 8.1% rise in revenue in FY24
The company’s net profit increased 1.4% to 15.2bn pesos in the fourth quarter of the fiscal year.
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Frequently Asked Questions Regarding WalMart de Mexico
Founded in 2006 and headquartered in Mexico City, Mexico, Walmart of Mexico and Central America is the Mexican and Central American Walmart division offering a range of products through its retail stores, websites, and through their mobile devices.... Read More