Mexico’s largest retailer Wal-Mart de Mexico (Walmex) has reported an increase of 12.1% in Q3 net profit compared to a year earlier.
Go deeper with GlobalData
Earnings before interest, taxes, depreciation and amortisation (EBITDA) were up 17.5% compared to the third quarter last year.
Both increases were roughly in line with industry analysts’ expectations.
The company also recorded an increase in operating profit, up 20% from a year earlier.
Total third-quarter sales were 24.26bn pesos (US$2.4bn), a 13.4% increase from a year earlier. Same-store sales increased by 3.5% in the quarter.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataWalmex resigns from ANTAD
Walmex, which is owned by US retail giant Wal-Mart, announced yesterday [Wednesday] that it was resigning from business association ANTAD over a disagreement with other supermarket owners.
The disagreement concerned Walmex’ standard practice of posting price comparisons with other named supermarkets. ANTAD recently decided to prohibit its members from such practices, leading to Walmex’s decision to resign from the group.
