Wal Mart de Mexico SAB de CV
BMV:WALMEX

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Wal Mart de Mexico SAB de CV
BMV:WALMEX
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Price: 58.87 MXN -1.59% Market Closed
Market Cap: 1T MXN

Wal Mart de Mexico SAB de CV
Investor Relations

In the bustling landscape of Mexican commerce, Wal-Mart de México SAB de CV, often referred to simply as Walmex, stands as a colossus in the retail sector. The company's journey traces back to its foundation in 1958, but its transformation into a powerhouse truly began in 1991 when it became part of the global retail giant, Walmart. Walmex operates a diverse portfolio of retail formats throughout Mexico and Central America, ranging from supercenters to neighborhood markets, online platforms, and membership warehouses. This extensive variety allows Walmex to tap into multiple consumer needs, catering to both high-volume shoppers and those seeking local convenience. By strategically blending physical presence with a robust digital strategy, it captures a wide audience, ensuring accessibility and affordability to a broad consumer base.

The company's revenue engine is intricately linked to its expansive distribution network and its prowess in supply chain efficiency. By leveraging Walmart's global buying power and logistics expertise, Walmex offers a vast array of quality products at competitive prices, attracting cost-conscious customers in droves. Its business model hinges on maintaining high inventory turnover, which is achieved by mastering inventory management and understanding local consumer behaviors. Furthermore, in recent years, Walmex has been accelerating its e-commerce operations, enhancing its digital platforms to deliver a seamless shopping experience, and capturing the growing online shopping trend. Despite the challenges inherent in the retail sector's dynamic environment, Walmex's blend of market adaptability, logistical excellence, and customer focus continues to solidify its leadership position within the region.

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WALMEX
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 28, 2025
AI Summary
Q3 2025

Revenue Growth: Consolidated revenue rose 4.9%, with Mexico up 5.6% and Central America up 2.5% in constant currency, outpacing market benchmarks.

Same-Store Sales: Mexico delivered 3.9% same-store sales growth, widening its lead over competitors by 280 basis points, the largest gap since mid-2021.

eCommerce Acceleration: eCommerce sales jumped 20%, now accounting for 7.7% of Mexico GMV, with major gains in on-demand and delivery speed.

Profit Margins: Gross margin narrowed by 20 basis points year-on-year, mainly from investments and a one-off accounting adjustment, but margins are expected to expand slightly in Q4.

Productivity & Innovation: AI-driven initiatives in logistics and purchasing are boosting productivity and cost efficiency.

New Businesses Growth: New business streams such as Bait and Walmart Connect are growing quickly, supporting higher margins and reinvestment in price leadership.

Guidance: Management expects Q4 performance in line with Q2 and Q3, with continued market share gains and sequential profit improvement.

Key Financials
Mexico Same-Store Sales
3.9%
Central America Same-Store Sales
0.6%
Gross Margin (Mexico)
24.8%
SG&A (Mexico)
16.7% of revenues
EBITDA Margin (Mexico)
10.7%
Gross Margin (Central America)
24.7%
SG&A (Central America)
18.4% of revenues
EBITDA Margin (Central America)
9.2%
Consolidated EBITDA Margin
10.5%
eCommerce GMV Growth (Mexico)
20%
eCommerce Penetration (Mexico)
7.7% of GMV
Marketplace GMV Growth
11.2%
eCommerce Growth (Central America)
38%
Walmart Connect Revenue Growth (Mexico)
16% YoY
Walmart Connect Revenue Growth (Central America)
55% YoY
Bait Active Users
23.5 million
Bait Sales (Q3)
MXN 3 billion
Bait Sales (YTD)
MXN 8 billion
Store Openings (Q3)
26
Store Openings (YTD)
71
Shareholder Returns (Last 12 Months)
MXN 45 billion
Share Buyback Execution
85% of MXN 8.8 billion program executed
Earnings Call Recording
Other Earnings Calls

Management

Mr. Ignacio Caride
Director General, CEO & Director

Ignacio Caride is a notable executive at Walmart de México y Centroamérica. He holds the position of Executive Vice President of Digital Commerce. Caride is responsible for overseeing and growing the company's digital sales platforms, ensuring the integration of online and offline retail experiences to drive growth and customer satisfaction. Before joining Walmart, Caride had a substantial career in digital and technology sectors. He served as the general manager of MercadoLibre, one of Latin America's largest e-commerce companies, where he honed his expertise in digital transformation and e-commerce development. Caride's background includes leadership roles in areas such as digital payments, marketplace management, and the implementation of innovative digital solutions. Under his leadership, Walmart de México y Centroamérica aims to enhance its digital capabilities and expand its e-commerce operations, adapting to the rapidly evolving retail landscape in the region. Caride's strategic focus and experience in digital commerce are instrumental in driving Walmart's growth and competitiveness in the digital market.

Mr. Paulo Garcia
CFO and Senior VP of Administration & Finance
No Bio Available
Brian Timmeny
Chief Technology Officer

Brian Timmeny is a notable executive at Walmart de México y Centroamérica, where he holds significant leadership responsibilities. He serves as the Vice President and General Counsel at the company. His role involves overseeing the legal affairs of Walmart's operations within Mexico and Central America. Timmeny brings extensive experience in corporate law to his position, ensuring that Walmart adheres to legal and regulatory standards across its diverse markets. His leadership is crucial in managing legal risks and supporting Walmart's strategic initiatives within the region.

John Gleason
Vice President of Treasury, Tax & Investor Relations
No Bio Available
Mr. Alberto Manuel Sepúlveda González Cosío
Executive VP and General Director for Legal, Prevention & Institutional Matters and Secretary
No Bio Available
Ms. Adriana Velázquez
Chief Compliance Officer

Adriana Velázquez is an executive officer at Wal-Mart de México, S.A.B. de C.V., a leading retail company in Mexico. Although detailed public information about her biography might be limited, she holds a significant position within the company, which is one of the largest subsidiaries of Walmart globally. Her role likely involves significant responsibilities in the areas of operations, management, or strategic decision-making within the company. Wal-Mart de México, S.A.B. de C.V., also known as Walmex, operates numerous retail formats including supermarkets, hypermarkets, wholesale stores, and discount department stores across Mexico and Central America. The company is known for its extensive retail operations and for being a leader in the industry due to its volume of sales and number of employees. As an executive, Adriana Velázquez would be involved in the leadership team, contributing to the company's strategies and helping drive its business objectives. Her work plays a crucial part in maintaining the company's competitive position in the retail market and ensuring its continued growth and success in the region.

Mr. Steve Procter
Business development director
No Bio Available
Ivonne Montiel
Vice President of Marketing, Shopper Insights & Business Intelligence
No Bio Available
Mr. Álvaro De Arrigunaga
Chief Merchandising Officer

Álvaro de Arrigunaga is a notable executive associated with Walmart de México y Centroamérica, a prominent retail corporation in the region. As an influential leader within the company, he has been instrumental in driving the business strategies and operational efficiencies that align with Walmart's global practices while tailoring them to fit the local markets in Mexico and Central America. De Arrigunaga has been associated with various leadership roles within the organization, demonstrating expertise in areas such as supply chain management, retail operations, and strategic planning. His efforts have often been focused on enhancing customer experiences, improving sustainability practices, and leveraging technology to boost retail performance and innovation. Under his leadership, Walmart de México y Centroamérica has undertaken several initiatives to streamline operations and expand its market presence. By focusing on sustainable growth and incorporating digital transformation, De Arrigunaga has played a crucial role in maintaining Walmart's competitive edge in a fast-evolving retail landscape. His leadership style is often characterized by a focus on team collaboration, strategic vision, and an emphasis on customer-centric approaches. These qualities have contributed significantly to the company's ability to navigate challenges and capitalize on growth opportunities in the region.

Ricardo Valdespino
Senior Vice President of Commercial Real Estate
No Bio Available

Contacts

Address
MEXICO, D.F.
Mexico City
Nextengo No. 78 Santa Cruz Acayucan
Contacts