Walmart in Mexico posts 1.4% bump in fourth-quarter profit

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Walmart in Mexico posts 1.4% bump in fourth-quarter profit

//business-finance.news-articles.net/content/202 .. ico-posts-1-4-bump-in-fourth-quarter-profit.html

Published in Business and Finance on Thursday, February 13th 2025 at 16:20 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Walmart's Mexico and Central America unit reported a 1.4% bump in its fourth-quarter net profit on Thursday, coming in at 15.2 billion pesos.

Walmart de Mexico reported a 14% increase in its fourth-quarter net profit for the year ending in 2025, reaching 13.26 billion pesos ($780.9 million), driven by strong sales growth and a significant boost from its financial services division. The company's revenue rose by 10.6% to 227.5 billion pesos, with same-store sales increasing by 9.8%. This growth was supported by a 12.7% rise in sales at its Bodega stores, which cater to lower-income consumers, and a 21.6% increase in sales from its financial services, particularly through its credit card operations. Despite these gains, the company faced challenges such as a 1.2% drop in gross margin due to higher costs and a less favorable product mix. Additionally, Walmart Mexico announced plans to invest 27 billion pesos in 2025 to expand its operations, focusing on new store openings, remodeling, and enhancing its supply chain.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/retail-consumer/walmart-mexico-posts-14-bump-fourth-quarter-profit-2025-02-13/ ]

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