What: Walmart of México and Central America reported a 6.4% increase in total revenues for Q2 2024, reaching MXN 227,415 million.

Why It Is Important: This significant revenue growth, along with a 9.3% rise in net profit and strong performance in digital sales, highlights Walmart's robust market position and effective omnichannel strategy in Mexico and Central America.

Walmart of México and Central America announced a 6.4% increase in total revenues for Q2 2024, totalling MXN 227,415 million. The company's operating cash flow (Ebitda) grew by 7.7% to MXN 23,539 million, while net profit rose by 9.3% to MXN 12,510 million. CEO Ignacio Caride attributed the positive results to solid growth across formats and strong new store performances, as well as the company's focus on omnichannel capabilities. Walmart's e-commerce GMV increased by 19%, driven by on-demand services (up 30%) and marketplace sales (up 26%). By the end of June 2024, Walmart operated 3,938 units, with 3,003 in Mexico and 905 in Central America, including 25 new openings in the second quarter.

Walmart of México and Central America sees positive Q2 financial performance