MEXICO CITY, April 24 (Reuters) -
Walmart's Mexico and Central America unit posted
a 14.4% year-on-year rise in its first-quarter net profit on
Wednesday, fueled by strong same-store sales growth across its
markets.
Walmart de Mexico, the country's largest retailer,
posted a net profit of 13.18 billion pesos ($797.5 million),
above the average forecast of 12.93 billion pesos seen by
analysts polled by LSEG.
The company, also known as Walmex, said in a filing to
Mexico's main stock exchange that same-store sales grew 9.4% in
Mexico and 8.0% in Central America.
Quarterly revenue at the department store and grocery
chain rose 9.8% from the same quarter a year earlier to reach
226.19 billion pesos, beating the mean estimate of 224.41
billion from analysts polled by LSEG.
Earnings before interest, tax, depreciation and
amortization (EBITDA) for the quarter rose 10.3% to 24.62
billion pesos.
($1 = 16.5310 Mexican pesos at end-March)