06:54 AM EDT, 05/23/2024 (MT Newswires) -- Walmart ( WMT ) plans to invest $700 million in Guatemala over the next five years, Reuters reported on Thursday, citing regional executive Cristina Ronski during the groundbreaking of a new store.

Walmex, Walmart's ( WMT ) Mexico and Central America unit reported double-digit same-store sales growth in Guatemala, Nicaragua, and Honduras in the first quarter, with Costa Rica experiencing low- to mid-single-digit growth.

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