Wal-Mart de M?xico, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 21, 2021 at 10:45 am IST
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Wal-Mart de M?xico, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was MXN 174,577 million compared to MXN 164,154 million a year ago. Revenue was MXN 176,042 million compared to MXN 165,386 million a year ago. Net income was MXN 11,049 million compared to MXN 9,172 million a year ago.
For the nine months, sales was MXN 517,289.07 million compared to MXN 501,986.42 million a year ago. Revenue was MXN 521,472.59 million compared to MXN 505,745.85 million a year ago. Net income was MXN 30,883.58 million compared to MXN 20,831.81 million a year ago. Basic earnings per share from continuing operations was MXN 1.769 compared to MXN 1.193 a year ago.
Wal Mart de Mexico SAB de CV is a Mexico-based company engaged in operating self-service stores. The Company's segments include Mexico and Central America. In Mexico, the Company operates through Self-service, which includes the operation of discount stores, hypermarkets, wholesale-price membership stores and supermarkets, and Others, which includes department stores and real estate transactions with third parties. In Central America, it operates discount stores, supermarkets, hypermarkets, warehouse stores and wholesale-price membership stores in Costa Rica, Guatemala, Honduras, Nicaragua and El Salvador. It offers products in a range of categories, such as food, consumables, general merchandise and apparel. It offers products under various brand names, including Bodega Aurrera Express, Walmart, Sam's Club, Superama, Suburbia and Medimart Pharmacies. The Company also operates e-commerce business in Mexico. It is controlled by Wal Mart Stores Inc.