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Reuters. – The Walmart Mexico (Walmex) giant's business turnover grew 8.1% year-on-year in the second quarter, slightly exceeding market expectations, thanks to higher comparable sales in Mexico that offset the weak performance in Central America.
Walmex The US giant Walmart Stores announced on Wednesday a total business turnover of 146,667 million pesos ($ 7,380 million) over the period, compared with 146,065 million expected by analysts in the US. a Reuters investigation.
they increased by 6.5%, despite the gap of the Easter holidays, which occurred in 2017 in the first quarter, while in Central America, they grew more slowly than expected in a difficult scenario, the company said.
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Analysts had predicted that the company would benefit in the one-year period Consumption driven by the World Cup and l & # 39; Mexican Presidential Election
In a call for analysts, Walmex's chief financial officer, Olga González, said consumption was slowing in the region because of rising interest rates and a rise in the number of people. Inflation, but that despite this has maintained a higher growth than that of the industry.
Its operating cash flow (EBITDA) increased by 8.3%, while its profits dropped by 41% over the period, due to a comparison with the same quarter of 2017 where it recorded an extraordinary profit from the sale of its clothing stores.
Below is a table with the main results of Walmex, whose shares closed at 57.48 pesos, with a gain of 1.22%, before the release of the results.
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