Reported about 16 hours ago
Walmart's Mexican and Central American unit reported a 10% drop in net profit for the second quarter, reaching 11.23 billion pesos, as consumer spending recovery lagged expectations despite an 8% sales increase. Analysts had anticipated better performance, particularly during the Hot Sale promotional period. The company, which operates Walmart and Bodega Aurrera, opened 25 new stores, emphasizing its strong value offerings amid economic uncertainty, and is forecasting a 6% to 7% growth in revenue for 2025.
Source: YAHOO