Walmart Mexico Misses Third-Quarter Profit Estimates
Walmart Mexico reported a six percent drop in third-quarter net profit as rising expenses outpaced sales growth. Total revenue reached 248.83 billion pesos, missing analyst forecasts despite double-digit e-commerce gains.
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Walmart de Mexico SAB de CV posted a net profit drop of 6% to 11.03 billion pesos ($610 million) on Tuesday afternoon, missing analyst estimates. Rising operational expenses and aggressive store investments weighed heavily on third-quarter margins across Mexico. Analysts surveyed by LSEG had expected a higher net profit of 12.26 billion pesos as cost pressures outpaced top-line expansion.
