Wal-Mart Mexico y Centroamerica saw net income rise by 18% during the first quarter of the year due to higher sales.

The Wal-Mart Stores subsidiary said on Friday (15 April) that its net income reached MXN$4.6bn on the back of an 18% rise in sales to MXN$85.48bn.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Commenting on the results, Walmex executive president and CEO Scot Rank said: “I am pleased to comment that we began the year with a first quarter in line with our expectations regarding sales and investment. In Mexico we opened 38 units, thus growing our sales floor by 79,000 square metres, which is 121% more than the footage that we added during the same period last year.”

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now