Overview of Walmart’s Performance in Mexico and Central America
Walmart de México and Centroamérica has reported a mixed set of results for the recent quarter, with increased sales and store openings but a decrease in operational utility. The company opened 25 new stores during the period, with 20 in Mexico, four in Costa Rica, and one in Guatemala.
Financial Performance Highlights
- Consolidated Revenue: Grew by 8.3%
- Same-Unit Sales: Increased by 4.4%
- Mexico Ticket: Rose by 6%
- Mexico Traffic: Declined by 1.4%
The eCommerce channel experienced a 20% growth, while general expenses increased by 12.2% in the second quarter of the current year, according to reports filed with the Mexican Stock Exchange (BMV).
Operational Utility and Market Position
Despite the positive sales trends, Walmart Mexico and Centroamérica saw a 4% decrease in operational utility. The company, which holds more than 50% of the Mexican retail market, reported a 2.7% decrease in operating profit during the first half of the year.
Market Leadership and Store Expansion
Walmart’s dominance in the Mexican retail market is unparalleled, with over 3,191 stores in the country. Of these, 2,587 are Bodega Aurrera stores, followed by Walmart Express (103), Sam’s Club (173), and other formats. In Central America, Walmart operates 933 stores.
Stock Performance
As of July 16, Walmart’s stock has seen a 4.39% increase, trading at 57.3 pesos per unit.
Key Actions and Store Openings
During April-June of the current year, Walmart opened 20 stores in Mexico. The breakdown is as follows:
- 17 Bodegas Aurrera
- 3 Bodega 3
- 4 Mi Bodega
- 10 Bodega Aurrera Express
- 1 Walmar Supercenter
- 2 Walmart Express
Key Questions and Answers
- What is the overall performance of Walmart Mexico and Centroamérica? The company has experienced rising sales and store openings, but its operational utility has decreased.
- How many new stores did Walmart open in the recent quarter? Walmart opened 25 new stores, with 20 in Mexico, four in Costa Rica, and one in Guatemala.
- What is Walmart’s market position in Mexico? Walmart holds more than 50% of the Mexican retail market, operating over 3,191 stores in the country.
- How has Walmart’s stock performed recently? As of July 16, Walmart’s stock has increased by 4.39%, trading at 57.3 pesos per unit.
