Earnings Report /

Wal-Mart de Mexico: WALMEX, Quarterly Report 2Q21: Highest SSS growth in the sector

  • Increase in SSS in Mexico and CA positively surprised. Meanwhile, profitability progress was noteworthy

  • EBITDA margin increased, given the absence of the extraordinary payment to SAT in 2Q20 and driven by better sales mix

  • Despite the good performance and positive outlook, the current valuation has little room for further appreciation

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Juan Barbier
Juan Barbier

Equity Research Analyst

3 August 2021
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