Wal-Mart de Mexico SAB de CV ( (WMMVF) ) has released its Q4 earnings. Here is a breakdown of the information Wal-Mart de Mexico SAB de CV presented to its investors.
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Walmart de México S.A.B. de C.V., a prominent player in the retail sector, operates a vast network of stores across Mexico and Central America, focusing on providing a comprehensive assortment of products through its omnichannel strategy.
In its recent earnings report, Walmart de México y Centroamérica disclosed a robust performance for the fourth quarter and full year 2024, highlighting strategic investments and a strong omnichannel ecosystem as key drivers of growth.
For the fourth quarter, the company reported an 8.3% increase in consolidated revenue, with same-store sales growth of 4.3% in Mexico and 3.1% in Central America. E-commerce growth was notable, with a 20% increase in GMV in Mexico. Despite flat gross margins at 23.7%, operating income grew by 0.6%, and net income saw a modest increase of 1.4%. For the full year, consolidated revenue rose by 8.1%, and net income increased by 4.3%. The company also saw a significant expansion in its e-commerce operations, underscoring its leadership in the omnichannel space.
Additionally, Walmart de México made strides in environmental, social, and governance initiatives, launching the ‘Crece con Walmart’ program to support small and medium enterprises and adopting sustainable packaging solutions in its stores. However, the company faced regulatory challenges, with COFECE imposing a sanction for monopolistic practices, which WALMEX is currently contesting.
Looking ahead, Walmart de México y Centroamérica remains committed to enhancing customer value and convenience, leveraging its omnichannel capabilities to navigate challenging economic conditions and sustain growth in 2025.