Mexican retail giant Wal-Mart de Mexico (Walmex) has reported a solid rise in quarterly net profit, helped by higher revenues and improved operating efficiencies.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Walmex, which is majority owned by US retail giant Wal-Mart, posted first-quarter net profit of 1.31bn pesos (US$117.1m), a 33% rise from 983m pesos in the year-ago period. Analysts polled by Reuters had been expecting, on average, a 26% rise in first-quarter net profit to 1.192bn pesos.


The company said revenues rose to 30.78bn pesos in the first quarter of 2004 from 27.89bn in the first quarter of 2003.


Sales have been boosted by Walmex’s aggressive expansion and price cuts, as well as its “everyday low prices” campaign, reported Reuters.

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 - 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