Wal-Mart de Mexico ( (WMMVY) ) has released its Q4 earnings. Here is a breakdown of the information Wal-Mart de Mexico presented to its investors.
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Wal-Mart de México y Centroamérica, a leading retailer in the Mexican and Central American markets, specializes in offering a diverse range of products through its extensive network of stores, including Bodega Aurrera and Walmart Supercenter, and its growing eCommerce platform. The company operates in the retail sector and is known for its commitment to customer satisfaction and sustainable practices.
In its latest earnings report, Wal-Mart de México y Centroamérica announced robust financial results for the fourth quarter and full year of 2024, reflecting strategic investments and a strong omnichannel presence. The company reported an 8.3% increase in consolidated revenue for the fourth quarter, driven by growth in both Mexico and Central America, as well as a significant boost in eCommerce sales.
Key financial highlights include a 4.3% same-store sales growth in Mexico and 3.1% in Central America. The company’s eCommerce Gross Merchandise Volume (GMV) grew by 20%, supported by on-demand services and an expanded assortment. Despite a rise in SG&A expenses due to investments in new stores, businesses, and technology, the company achieved a 0.6% increase in operating income and a 4.3% growth in consolidated net income for the year.
Looking ahead, Wal-Mart de México y Centroamérica remains focused on enhancing customer value through price investments, expanding its omnichannel capabilities, and maintaining operational efficiencies. The company is optimistic about continuing its growth trajectory in 2025, supported by its strategic initiatives and market presence.
