Overview

• Consolidated revenues climbed 8.3% year-on-year to 246,254 million pesos, with peso depreciation adding about two percentage points to growth.
• Net income fell 10.3% to 11,227 million pesos as slower consumer spending and higher operating and financial costs weighed on earnings.
• EBITDA slipped 0.2%, marking the first quarterly decline in five years amid increased investments in technology, e-commerce and price competitiveness.
• The e-commerce channel expanded 20%, and same-store sales rose 4.4% with a 6% increase in average ticket offsetting a 1.4% drop in transaction traffic.
• Shares plunged 7.04%—their steepest daily fall since November 2018—erasing over 70 billion pesos in market value and costing Walmex its position as Mexico’s most valuable company, even as management held its 2025 growth outlook.