Walmart Mexico's Q4 net profit reached 714 million euros, with e-commerce sales increasing by 20%

It is learned that recently, Walmart Mexico and Central America (Walmex) released its financial report for the fourth quarter of fiscal year 2024. The report showed that the net profit increased by 1.4% year-on-year, but was slightly lower than analysts' expectations.

The following are the financial highlights for Q4:

① Net profit increased by 1.4% year-on-year to 15.2 billion Mexican pesos (about 714 million euros), slightly lower than analysts' expectations of 16.55 billion pesos (about 778 million euros).

② Net sales increased by 8.3% year-on-year to 27.288 billion Mexican pesos (about 12.83 billion euros), in line with analysts' expectations.

③ EBITDA increased by 2.5% year-on-year to 2.738 billion Mexican pesos (about 1.29 billion euros), slightly lower than analysts' expectations of 2.897 billion Mexican pesos (about 1.36 billion euros).

④ Store expansion: In the last three months of 2024, Walmart added 91 new stores in Mexico and 13 new stores in Central America, mainly Bodega Aurrera discount stores and 6 Walmart supermarkets.

⑤ Same-store sales: Same-store sales in Mexico increased by 4.3%, and in Central America by 3.1%. In addition, the total merchandise sales of the Mexican e-commerce business increased by 20%.

Walmart said in its financial report that despite the challenges ahead, the company is confident about 2025 and will continue to focus on operational efficiency and actively expand brand products, as well as brand IP collaborations such as Mickey, Harry Potter and Hello Kitty. Walmart is comprehensively reviewing efficiency improvements in its operating structure and plans to further strengthen its market competitiveness in the coming years.

Author✎ Summer/
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