Wal-Mart de Mexico has posted a 12% increase in operating profit for the third quarter of the year.

EBITDA for the quarter up to the end of September amounted to MXN8.4bn (US$628.9m), which represents a 12% increase on the same period last year. Net income was MXN4.8bn, a 15% increase on 2010.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Meanwhile, total revenue increased 10.6% to MXN91bn. Scot Rank, executive president and CEO for Walmart Mexico and Central America, said: “I am satisfied with the results achieved this quarter. In Mexico we had the highest sales growth of the year, both in comparable and total stores.

“In Central America, the third quarter represented a quarter of investment and business transformation, which will allow us to establish a strong foundation for sustained growth.”

So far in 2011 Walmex has opened 215 stores in Mexico and 43 in Central America.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now