Recasts as news bulletin, adds information

By Iñigo Alexander

MEXICO CITY, July 22 (Reuters) - Walmart's Mexico and Central America unit Walmex WALMEX.MX reported on Wednesday a 0.7% drop in second-quarter net profit as the company cut its full-year sales outlook due to weaker-than-expected consumer spending.

• Net profit hit 11.15 billion pesos ($637.19 million) for the April-June period, above the 10.99 billion pesos predicted by analysts polled by LSEG.

• Revenue rose 1.9% to 250.95 billion pesos ($14.3 billion), missing analyst estimates of 251 billion pesos.

• "Based on the consumer trends we have observed during the first half of the year, we are revising our outlook for the full year," the company said.

• The company now expects full-year sales growth of 3.5%-4.5% in constant currency.

• Softer consumption during the World Cup and weak traffic at Mexican discount stores drove the quarterly profit decline.

• Rising expenses from investments in new stores and e-commerce also weighed on results.

• "The slower-than-expected recovery in consumer spending is clearly impacting our revenue performance," Walmex said.

• Walmex said it also expects its 2026 EBITDA margin to be "slighly below" last year's 10.7% margin.

• Same-store sales grew 1.8% in Mexico and 2.4% in Central America, yet overall performance is still impacted by a deflationary environment and cautious spending in Costa Rica.

($1 = 17.4986 pesos at end-June)