Walmart Mexico’s profits exceed forecasts

Walmex—Walmart’s subsidiary in Mexico and Central America—reported first-quarter net income of US$12.5 billion, representing a 1.5% increase compared to the same period last year and exceeding analysts’ forecasts.

Revenue for the quarter rose 1.7% to US$13.969 billion; and earnings before interest, taxes, depreciation, and amortization (EBITDA) fell 0.4% to US$1.424 billion, just below the US$1.439 billion forecast by analysts.

Revenue in Mexico totaled US$11.651 billion, while operating income rose 0.3%.
In March, the company announced it planned to invest approximately US$2.451 billion in 2026, roughly 10% more than the previous year.

Walmex reported that shareholders had approved a regular cash dividend of US$0.066 per share. CEO Cristian Barrientos noted that the company is seeing the first signs of improvement in key operating indicators, but added that the coming months will require intensity and discipline to turn those efforts into tangible results.