walmex

UPDATE 1-Mexico's Walmex reports higher quarterly profit


MEXICO CITY Oct 18 (Reuters) - Mexico’s top retailer, Wal-Mart de Mexico , reported a higher third-quarter profit on Tuesday, helped by a jump in sales.The retailer, known locally as Walmex, said third-quarter profit was 4.875 billion pesos ($351 million), compared with 4.250 billion pesos a year ago.That was slightly above expectations for a profit of 4.824 billion pesos, according to a Reuters survey of six analysts.Walmex said revenue rose 10.6 percent to 91.04 billion pesos from 82.29 billion pesos in the third quarter of 2010.Shares in the company, which is controlled by U.S. retailer Wal-Mart Stores Inc , closed up 0.18 percent, or 6 centavos, at 32.98 pesos in local trading.


Following Mexico scandal, lawsuits take a bite at Wal-Mart’s board

Lawsuits keep lining up against Wal-Mart executives

By ALEJANDRA LASCURAIN

Shareholders are taking a tough stance against Wal-Mart’s board of directors in an attempt to increase accountability of the company, which was forced in April to disclose its involvement in a multimillion dollar bribery scandal in Mexico.

Keep reading

action.sumofus.org
Sign the petition to tell Costco, Walmart and Carrefour to take concrete actions to end slavery in their supply chains.

What’s worse is that Western companies, and unwitting consumers, are complicit.

“They kept me chained up, they didn’t care about me or give me any food…They sold us like animals, but we are not animals - we are human beings.” 

This heart-wrenching quote is from a man sold from ship to ship in Thailand, caught in the trap of slavery and forced to work on a boat that supplies feed to the prawns we buy at the grocery store. 

The three largest grocers in the world – Walmart, Carrefour, and Costco – were named specifically in a new investigation by the Guardian for selling prawns and shrimp whose production relies upon slave labor. One week later, those companies are still refusing to take two simple steps to rout out slavery from their supply chains – and that’s where we come in. 

Human rights activists are demanding Walmart, Carrefour and Costco join Project Issara, a Thai-based initiative to end modern slavery, as well as institute a zero tolerance policy on slavery based on conditions on the ground. Before the spotlight of the Guardian expose fades, let’s raise our voices to speak out against slavery in the prawn industry.

La bolsa de México retrocede 1,61 % y cierra en 44.670,42 puntos

México, 22 jul (EFE).- El principal indicador de la Bolsa Mexicana de Valores, el Índice de Precios y Cotizaciones (IPC), retrocedió hoy 1,61 % y cerró en 44.670,42 puntos, 730,82 menos que la jornada anterior.
En la sesión se negociaron 442,6 millones de títulos en los mercados global y local, por los que se pagaron 19.623 millones de pesos (1.216 millones de dólares).
Se intercambiaron títulos de 387 empresas emisoras, de las cuales 205 ganaron, 166 perdieron y 16 más cerraron sin cambio.
Las mayores ganancias fueron para la constructora de viviendas Consorcio Hogar (HOGAR B) con 13,96 %, el grupo industrial Alfa (ALFA A) con 3,45 % y el operador de clubes deportivos Grupo Sports World (SPORT S) con 3,41 %.
Las pérdidas más pronunciadas fueron para la cadena de supermercados Wal-Mart de México (WALMEX) con -4,54 %, para la minera Grupo México con -4,19 % y la televisora TV Azteca (AZTECA CPO) con -3,97 %. EFE

Walmex Drops Most in 5 Months After JPMorgan Says Earnings ‘Dim’

Wal-Mart de Mexico SAB, the nation’s biggest retailer, fell the most in five months on the Mexico City exchange after JPMorgan Chase & Co. said profit margins probably will be squeezed for the rest of the year.

The company known as Walmex led declines on the benchmark IPC, falling 3.4 percent to 38.32 pesos at 11:10 a.m. in Mexico City. The shares earlier slid as much as 5 percent, the most since Feb. 19. The IPC lost 0.4 percent.

Walmex late Tuesday reported adjusted earnings per share of 31 centavos for the second quarter, shy of the 32 centavos average estimate in a Bloomberg survey. JPMorgan analyst Andrea Teixeira wrote in a note to clients that profit margins narrowed as the company made “investments in lower prices to reignite” store traffic.

“Dim earnings growth should disappoint the market,” Teixeira wrote late yesterday. She kept her neutral stance on the stock, saying she was “waiting for a better entry point.”

Mexico's Walmex sees second-quarter growth from continuing operations

(Adds results details and comparisons)

MEXICO CITY, July 21 (Reuters) - Mexico’s biggest retailer, Wal-Mart de Mexico, on Tuesday reported moderate growth in revenue and earnings from continuing operations after selling some of its businesses last year.

Earnings from continuing operations was 5.4 billion pesos ($337 million), up 5.3 percent.

Revenue climbed about 10 percent, in line with expectations, to 114.4 billion pesos, as sales at stores in Mexico open at least a year (same-store sales) climbed 5.4 percent and the company has opened 19 new stores this year.

Walmex had struggled in the last year against tough competition and weak consumer spending in Mexico, and last year offloaded its restaurant business and its bank to focus on its core supermarket business.

On a net basis, the company reported a profit of 6.81 billion pesos ($434 million), compared with a profit of nearly 10.42 billion pesos in the year-earlier period, as a result of the divestments.

Earnings also came in below analysts’ expectations of a net profit of 7.086 billion pesos, according to a Reuters poll of five analysts.

($1 = 15.695 pesos at end June)

(Reporting by Christine Murray; Editing by Cynthia Osterman)

La bolsa de México desciende el 0,23 % al inicio de la sesión

México, 22 jul (EFE).- El Índice de Precios y Cotizaciones (IPC) de la Bolsa Mexicana de Valores (BMV) registraba un descenso del 108,26 puntos (0,23 %) durante los primeros compases de la sesión de hoy, para quedar en 45.292,97 unidades.
En los primeros minutos se intercambiaron 65,9 millones de títulos, por los que se pagaron 2.037,6 millones de pesos (127,5 millones de dólares).
De las 90 empresas que cotizaron en los primeros minutos de la sesión, 34 ganaron, 50 perdieron y 6 se mantuvieron sin cambios.
El mayor avance es para la empresa química y petroquímica Alpek (ALPEK A), con un 3,32 %, mientras que el descenso más pronunciado es para la cadena de supermercados Walmart de México (WALMEX), con un 3,58 %. EFE

Walmex Drops Most in 5 Months After JPMorgan Says Earnings ‘Dim’

Wal-Mart de Mexico SAB, the nation’s biggest retailer, fell the most in five months on the Mexico City exchange after JPMorgan Chase & Co. said profit margins probably will be squeezed for the rest of the year.

The company known as Walmex led declines on the benchmark IPC, falling 3.4 percent to 38.32 pesos at 11:10 a.m. in Mexico City. The shares earlier slid as much as 5 percent, the most since Feb. 19. The IPC lost 0.4 percent.

Walmex late Tuesday reported adjusted earnings per share of 31 centavos for the second quarter, shy of the 32 centavos average estimate in a Bloomberg survey. JPMorgan analyst Andrea Teixeira wrote in a note to clients that profit margins narrowed as the company made “investments in lower prices to reignite” store traffic.

“Dim earnings growth should disappoint the market,” Teixeira wrote late yesterday. She kept her neutral stance on the stock, saying she was “waiting for a better entry point.”

Utilidad neta Wal-Mart de México cae 34.6 pct en segundo trimestre

MONTERREY (Reuters) - La gigante minorista Wal-Mart de México (Walmex) reportó el martes una baja del 34.6 por ciento interanual en su utilidad neta del segundo trimestre pese al brillante desempeño de sus ventas, que no bastó para igualar beneficios extraordinarios que registró en el mismo periodo del 2014.
Walmex detalló que su ganancia neta fue de 6,810 millones de pesos (unos 434 millones de dólares), frente al promedio de 7,086 millones de pesos estimado en un sondeo previo de Reuters.
En el segundo trimestre del año pasado, Walmex concretó la venta de su negocio de restaurantes a su rival Alsea en 8,200 millones de pesos, lo que le generó un importante beneficio.
Y aunque la minorista concretó en junio la venta de su Banco Walmart al Grupo Financiero Inbursa en 3,612 millones de pesos, el beneficio reportado fue menor al esperado por los analistas y al obtenido con la venta de los restaurantes.
Los ingresos totales de la minorista, que además opera tiendas en Centroamérica, crecieron un 9.9 por ciento, apoyados en su estrategia de promociones y precios, así como un mejor consumo.
Sin embargo, la compañía -controlada por la estadounidense Wal-Mart Stores Inc. -, vio presionados sus márgenes de rentabilidad, debido a la gastos aplicados en la estrategia de precios y promociones.
El margen de operación cayó 20 puntos base, mientras que el margen de ganancias antes de intereses, impuestos, depreciación y amortización (EBITDA) se contrajo 30 puntos base.
“En el corto plazo, no estamos apalancando los gastos lo suficiente para compensar la inversión en margen bruto, pero confiamos en nuestra meta de crecer utilidades al mismo ritmo que las ventas en el futuro”, dijo Pedro Farah, director de Finanzas de la firma en una conferencia.
Las acciones de Walmex cayeron un 0.50 por ciento en la bolsa mexicana a 39.68 pesos, después del reporte.
A continuación una tabla con algunos datos destacados de los resultados. Las cifras están en millones de pesos.
2015 2014
ABR-JUN ABR-JUN
INGRESOS TOTALES 114,398 104,123
EBITDA* 10,293 9,646
UT.OPERATIVA 7,821 7,332
RESULTADO NETO 6,810 10,418
*ganancias antes de intereses, impuestos, depreciación y amortización.

(1 dólar = 15.6950 pesos mexicanos al cierre de junio)

(Reporte de Gabriela López, editado por Adriana Barrera)