Walmart de México reported that its profits descended 6.6% per year in the first quarter to 12,317 million pesos, below the expectations of analysts.
The utility did not reach the prognosis of 13,100 million pesos of analysts surveyed by LSE, despite the fact that the income exceeded the forecasts with a 7%increase.
The total income of Walmart of Mexico, which also has business in Central America, added 240.975 million pesos in the period, 6.5% more than those reported between January and March 2024.
The company reported an increase in sales in equal stores (those with more than a year of operation) of 1.4% in Mexico and 1.9% in Central America. He added 17 stores in Mexico and three in Central America.
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The company pointed out in a presentation that in the next quarters should see an increase in income that will also leverage expenses and improve results.
He added that it aims to spend 41.8 billion pesos on capital investments this year.
Walmart de México said that he was also preparing for a possible change in the labor laws of Mexico, since the government considers to reduce the country’s legal week from 48 to 40 hours.
Walmex, which operates Walmart and Sam’s Club stores, as well as the low -cost supermarket chain Bodega Aurrera, is one of Mexico’s largest private employers.
With Reuters information
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