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Wal-Mart de México, S.A.B. de C.V. (4GNB.F)
- Zacks
JRONY or WMMVY: Which Is the Better Value Stock Right Now?
JRONY vs. WMMVY: Which Stock Is the Better Value Option?
- Benzinga
Walmart Plans 27B Pesos Investment For Mexico And Central America In 2023
Walmart Inc (NYSE: WMT) said its Mexico and Central America unit, Walmex plans to spend 27 billion pesos in 2023. The spending amounts to a 27% increase from last year. Under 45% of the investment will be used for remodeling and maintenance of the existing stores. About 29% will be used to build new stores and clubs to expand the reach and bring value propositions to new customers. In 2023, new stores are expected to contribute between 1.2% - 1.4% of sales growth. Also Read: Walmart CEO Likely T
- Reuters
UPDATE 2-Walmart to invest nearly $1.5 bln in Mexico and Central America in 2023
Walmart's unit in Mexico and Central America, known as Walmex, plans to boost spending in the region 27% from last year to total around 27 billion pesos ($1.49 billion) in 2023, it said on Tuesday. Just under half of the investment will go to remodeling and maintenance on existing stores, while nearly 30% will be used for new stores and clubs, Walmex said in a filing following an event with investors and analysts. The planned investments are up from the 21.3 billion pesos Walmex spent in 2022.
