Walmart earns 20.5% more in the III quarter of 2021

Wal-Mart de México (Walmex), the chain of self-service stores, reported that the net profit for the third quarter of the year amounted to 11,049 million pesos, an increase of 20.5% when compared to the same period of 2020, despite the fact that the strong basis of comparison.

The firm, which also owns the Aurrera stores, reported growth in operating cash flow (EBITDA) of 9.8%, closing at 20,039 million pesos, while net sales ended the period at 176,042 million pesos or 6.4% more. than the months of July to September of last year.

During the quarter, total revenues in Mexico grew 7.7%, driven by a 6% growth in same-unit sales and in Central America, Walmex’s total revenues grew 13.9% in the quarter.

In the report sent to the Mexican Stock Exchange, the company stated that it opened 31 stores, 28 of them in Mexico and three in Central America compared to 24 openings in the same period last year.

Guilherme Loureiro, executive president and general director of Walmart de México y Centroamérica, explained, in his conference on the occasion of the presentation of their quarterly report, that given the current challenges in global supply chains they have managed to manage interruptions, coupled with the fact that about 93% of the merchandise sold in stores is locally sourced.

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