Wal-Mart de Mexico SAB de CV

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Wal Mart de Mexico SAB de CV engages in operating self-service stores and warehouse membership clubs. The Company's segments include Mexico and Central America. In Mexico, the company operates through self-service, which includes the operation of discount stores, hypermarkets, wholesale-price membership stores and supermarkets, and others, which includes department stores and real estate transactions with third parties. In Central America, it operates discount stores, supermarkets, hypermarkets, warehouse stores and wholesale-price membership stores in Costa Rica, Guatemala, Honduras, Nicaragua and El Salvador. It offers products in a range of categories, such as food, consumables, general merchandise and apparel under various brand names, including Bodega Aurrera Express, Walmart, Sam's Club, Superama, Suburbia and Medimart Pharmacies. The company was founded by Jerónimo Arango in 1958 and is headquartered in Mexico City, Mexico.

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Walmex is benefiting from ongoing investments in price and assortment, expansion of its eCommerce operations, and growth in ancillary service operations. Walmex's second quarter results were healthy, with revenue and EPS meeting expectations and same-store sales comps outperforming the industry average. Near-term challenges include a slowdown in Mexico's retail sector and economic uncertainty due to the upcoming presidential election, but Walmex is well-positioned to weather these challenges and capitalize on future growth opportunities.

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News for Wal-Mart de Mexico SAB de CV Stock (WMMVY)