Overview
- Walmart de México y Centroamérica reported consolidated revenue of 241,520 million pesos, EBITDA up 3.3% to 25,266 million, and net income down 9.2% to 11,747 million.
- The company reiterated a plan to open 1,500 stores over five years, prioritizing Bodega Aurrerá and other small formats, after 26 openings in Q3 and 71 year to date with faster openings expected in Q4.
- E‑commerce GMV grew 20% in Mexico with On‑Demand deliveries up 24%, supported by more omnichannel hubs and the rollout of One Hallway to unify the digital experience.
- Newer businesses continued to scale, with Walmart Connect growing revenue and fintech units Bait and Cashi adding users and services to deepen customer engagement.
- Management emphasized price investments and logistics and AI productivity to defend share against hard‑discount rivals such as Tiendas 3B, and guided to a tax rate near 25% with sequential profit improvement in Q4.