Walmex Reports Revenue Growth Amid Margin Pressure
Walmex, Walmart's Mexico and Central America unit, reported a 1.7% increase in first-quarter revenue to 245.01bn pesos, driven by growth in Mexico and Central America. However, operating profit and margins declined, with operating income falling 2.2% to 18.47bn pesos and operating margin narrowing to 7.5%.
Tickers: $WMT
Topics: margin pressure operating profit revenue growth Walmart Central America Walmart Mexico Walmex