Strong Growth and Market Performance
Walmex reported a growth of 8.3% in the second quarter, with a 6% increase in constant currency, surpassing market expectations in both regions. The company is focused on doubling the business faster than before while increasing market share.
Successful Price Investments and Customer Response
Price investments across all formats such as Bodega Aurrera, Supercenters, Walmart Express, and Sam's Club resulted in positive consumer elasticity and increased affiliation retention rates.
E-commerce and New Business Acceleration
Walmex is accelerating its e-commerce and consolidation of new businesses, which is contributing to overall growth and market share gains.
Commitment to Share Buyback
Walmex announced a share buyback of MXN 8.8 billion for the year, with the intention to complete it fully, indicating strong capital allocation strategies.
Positive Impact of Remittances in Pesos
Despite a reduction in U.S. dollars, remittances have grown in pesos, providing a tailwind as people receive more pesos than last year.
Advancements in AI and Technology Integration
Walmex is integrating AI into operations, enhancing efficiency and productivity, particularly in store management, customer service, and e-commerce.