UPDATE 1-Walmex Q2 profit slips as softer consumption prompts outlook cut

Walmart Inc.

Walmart Inc.

WMT

0.00

Recasts and adds details throughout

MEXICO CITY, July 22 (Reuters) - Walmart's Mexico and Central America unit Walmex WALMEX.MX, reported on Wednesday a 0.7% drop in its second-quarter net profit and revised its outlook for the full year due to softer consumption during the three-month period.

Net profit for Mexico's largest retailer was 11.15 billion pesos ($637.19 million) for the April-June period, landing above the 10.99 billion pesos predicted by analysts polled by LSEG.

The dip in profit was driven by softer-than-expected consumption during the World Cup, weak traffic at its Mexican discount stores, and rising expenses from investments in new stores and e-commerce.

Revenues for the quarter were up 1.9% from the same quarter in 2025 to reach 250.95 billion pesos ($14.3 billion), falling short of the LSEG estimate of 251 billion pesos.

The company also said it expects its full-year sales growth to be between 3.5% and 4.5% in constant currency.

($1 = 17.4986 pesos at end-June)


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.