MEXICO CITY (Reuters) -Walmart’s Mexico unit on Thursday posted a 5% year-on-year rise in its second-quarter net profit, boosted by slightly higher sales.
Walmart de Mexico, the biggest retailer in Mexico, posted a net profit of 11.44 billion pesos ($668 million).
Quarterly revenue at the chain rose 9.25% from the year-ago period to reach 213.724 billion pesos, boosted by a “Hot Sale event” in June, the company said in a statement.
Same-store sales increased 8.5% in Mexico and 9.5% in Central America.
Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter rose 8.5% to 21.9 billion pesos.
It also expanded its physical footprint with 22 new stores in Mexico.
($1 = 17.1156 pesos at end-June)
(Reporting by Carolina Pulice and Noe Torres; Editing by Isabel Woodford)
