Strong Revenue Growth
Walmex reported an 8.3% revenue growth, with a 6% increase in constant currency, surpassing market expectations in both regions.
E-commerce and Private Brands Expansion
There was noted acceleration in e-commerce and private brands, contributing positively to the company's strategy and market share gains.
Sam's Club Performance
Price investments in Sam's Club led to good affiliation retention rates, indicating positive consumer response.
Commitment to Shareholder Returns
Walmex reaffirmed its intention to complete an MXN 8.8 billion share buyback, subject to share price and capital allocation needs.
AI and Technology Advancements
Significant investments in AI and technology are expected to enhance operational efficiency and customer experience.