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Wal-Mart de México, S.A.B. de C.V. (WMMVY)

38.56

+0.18

(+0.47%)

As of 9:32 AM EDT. Market Open.

UPDATE 2-Retailer Walmex's quarterly profit jumps on more stores, higher wages

Walmart's Mexico and Central America unit posted a 14.4% year-on-year rise in first-quarter net profit on Wednesday, fueled by strong sales across its markets which it attributed partly to Mexicans' larger disposable income. Walmart de Mexico, the country's largest retailer, posted a net profit of 13.18 billion pesos ($797.5 million), above the average forecast of 12.93 billion pesos seen by analysts polled by LSEG.

Reuters 16 hours ago

WALMEX.MX

WMT
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WALMEX.MX
Retailer Walmex to invest around $2 billion in 2024

Mexican retailer Walmex is set to invest around 34.5 billion pesos ($2.05 billion) in 2024, up 19% from previous year, according to a filing published on Tuesday. Some 45% of the investment will be used for remodeling and maintenance work of its existing stores, with another 29% set for new openings and expansions. The company's supply chain will benefit from 15% of the investment, while the remaining 11% will be destined to boost e-commerce and the implementation of new technologies.

Reuters last month

WALMEX.MX
UPDATE 1-Retailer Walmex to invest around $2 billion in 2024

Mexican retailer Walmex is set to invest around 34.5 billion pesos ($2.05 billion) in 2024, up 19% from previous year, according to a filing published on Tuesday. Some 45% of the investment will be used for remodeling and maintenance work of its existing stores, with another 29% set for new openings and expansions. The company's supply chain will benefit from 15% of the investment, while the remaining 11% will be destined to boost e-commerce and the implementation of new technologies.

Reuters last month

WALMEX.MX
EMERGING MARKETS-Latam FX advances as dollar weakens on dour economic data

* Mexico's Walmex down after Q4 results * FX up 0.1%, stocks add 0.3% By Shashwat Chauhan Feb 15 (Reuters) - Most Latin American currencies advanced on Thursday as the dollar softened after a bigger-than-expected fall in U.S. retail sales, with Brazil's real and the Colombian peso leading the charge. Brazil's main stock index gained 0.2%, lifted by rising utilities and consumer staples shares.

Reuters 2 months ago

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Retailer Walmex eyes more Mexico stores after fastest expansion in decade

MEXICO CITY (Reuters) -The chief executive of Mexican retailer Walmex on Thursday said the company could continue to grow its footprint in Latin America's No. 2 economy, after 2023 marked its fastest year for adding new stores in a decade. The Walmart unit said in a call to discuss results that it had opened 162 new stores across Mexico and Central America last year - the most stores added in a single year in a decade - including 101 in the last three months of 2023. "The opportunity to grow our stores in Mexico remains very present," said Chief Executive Guilherme Loureiro.

Reuters 2 months ago

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UPDATE 2-Retailer Walmex eyes more Mexico stores after fastest expansion in decade

The chief executive of Mexican retailer Walmex on Thursday said the company could continue to grow its footprint in Latin America's No. 2 economy, after 2023 marked its fastest year for adding new stores in a decade. The Walmart unit said in a call to discuss results that it had opened 162 new stores across Mexico and Central America last year - the most stores added in a single year in a decade - including 101 in the last three months of 2023. "The opportunity to grow our stores in Mexico remains very present," said Chief Executive Guilherme Loureiro.

Reuters 2 months ago

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Mexican retailer Walmex posts slight profit bump in fourth quarter

MEXICO CITY (Reuters) -Net profits for Walmart's Mexico unit during the fourth quarter edged up about 1.2% year-on-year, as the company's costs and the aftermath of Hurricane Otis hit its bottom line. The essentially flat earnings for the quarter came in below the retailer's profits in the last three quarters where income jumped over 5%. The retailer's cost of sales rose nearly 7% during the three-month period while "other expenses" surged 315%, according to a filing to Mexico's stock exchange on Wednesday.

Reuters 2 months ago

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UPDATE 3-Mexican retailer Walmex posts slight profit bump in fourth quarter

Net profits for Walmart's Mexico unit during the fourth quarter edged up about 1.2% year-on-year, as the company's costs and the aftermath of Hurricane Otis hit its bottom line. The retailer's cost of sales rose nearly 7% during the three-month period while "other expenses" surged 315%, according to a filing to Mexico's stock exchange on Wednesday. Otis slammed into the Mexican resort city of Acapulco in late October, leaving dozens dead and billions in damages.

Reuters 2 months ago

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UPDATE 3-Walmex Q3 net profit jumps more than 12%, pushed by higher sales

Walmart's Mexico unit on Wednesday posted a 12.2% year-on-year jump in its third-quarter net profit, driven mainly by stronger sales. Walmart de Mexico, or Walmex, the biggest retailer in Mexico, posted net profit of 13.63 billion pesos ($782 million). Walmex said in a filing to Mexico's main stock exchange that its revenues were impacted negatively by the Mexican peso's appreciation and noted sales growth would have been higher without foreign exchange effects on its Central America operations.

Reuters 5 months ago

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Walmart's Mexico unit to face anti-trust panel after three-year investigation

MEXICO CITY (Reuters) -Walmart's Mexico unit said on Friday it will face an anti-trust panel for alleged relative monopolistic practices related to the supply, wholesale distribution and marketing of consumer goods. The allegations follow a three-year investigation by Mexico's antitrust regulator, Cofece, and the company now has 45 days to provide arguments and evidence in its defense. Walmart de Mexico, known as Walmex, was first told in 2020 that it was under review for possible antitrust behavior.

Reuters 6 months ago

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UPDATE 2-Walmart's Mexico unit to face anti-trust panel after three-year investigation

Walmart's Mexico unit said on Friday it will face an anti-trust panel for alleged relative monopolistic practices related to the supply, wholesale distribution and marketing of consumer goods. The allegations follow a three-year investigation by Mexico's antitrust regulator, Cofece, and the company now has 45 days to provide arguments and evidence in its defense. Walmart de Mexico, known as Walmex, was first told in 2020 that it was under review for possible antitrust behavior.

Reuters 6 months ago

WMT

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WALMEX.MX

Performance Overview

Return	WMMVY	S&P/BMV IPC
YTD	-8.67%	-1.44%
1-Year	-0.87%	+3.37%
3-Year	+28.33%	+15.21%

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Wal-Mart de México, S.A.B. de C.V. (WMMVY)

UPDATE 2-Retailer Walmex's quarterly profit jumps on more stores, higher wages

TSCDY vs. WMMVY: Which Stock Is the Better Value Option?

TSCDY vs. WMMVY: Which Stock Should Value Investors Buy Now?

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Retailer Walmex to invest around $2 billion in 2024

UPDATE 1-Retailer Walmex to invest around $2 billion in 2024

EMERGING MARKETS-Latam FX advances as dollar weakens on dour economic data

Retailer Walmex eyes more Mexico stores after fastest expansion in decade

UPDATE 2-Retailer Walmex eyes more Mexico stores after fastest expansion in decade

Mexican retailer Walmex posts slight profit bump in fourth quarter

UPDATE 3-Mexican retailer Walmex posts slight profit bump in fourth quarter

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UPDATE 3-Walmex Q3 net profit jumps more than 12%, pushed by higher sales

Walmart's Mexico unit to face anti-trust panel after three-year investigation

UPDATE 2-Walmart's Mexico unit to face anti-trust panel after three-year investigation

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Performance Overview