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Walmart's Mexico unit posts 9% drop in Q3 profit, below forecasts
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Walmart's Mexico unit posts 9% drop in Q3 profit, below forecasts
Oct 28, 2025 3:12 PM

Oct 28 (Reuters) - Walmart's Mexico and Central America

unit reported on Tuesday a 9% drop in its

third-quarter net profit, according to a filing with the Mexican

stock exchange, landing below analysts' forecasts.

Net profit for Mexico' largest retailer, which operates

Walmart, Sam's Club and Bodega Aurrera stores across six

countries, was 11.76 billion Mexican pesos ($641.41 million) in

the three months through September, below the 13.7-billion-peso

forecast of analysts polled by LSEG.

Revenues for Walmex, as the company is known, meanwhile rose

5% year-on-year to reach 241.52 billion pesos - slightly below

analysts' estimate of 244.8 billion pesos.

The quarterly results are Walmex's first under new chief

executive Cristian Barrientos, who was named acting CEO on

August 1 and confirmed as CEO and chair on October 7, replacing

former CEO Ignacio Caride, who stepped down after fewer than two

years in the role.

Barrientos in a presentation on Tuesday celebrated the

company's "solid business fundamentals" while noting a volatile

economic backdrop.

"Given the ongoing uncertainty around tariffs, the coming

USMCA renegotiation, and volatile consumption, we are encouraged

by our team's ability to execute the priorities we have

defined," Barrientos said, highlighting the company's "three

non-negotiable pillars" of price leadership, product

availability, and the acceleration of eCommerce.

($1 = 18.3147 Mexican pesos at end-September)

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