Walmart Mexico (Walmex) Profit Falls 6.1%
Rio Times
Last updated: October 28, 2026
Walmart Mexico, known as Walmex, experienced a 6.1% decline in its third-quarter profit, earning US$590 million. This decrease is attributed to rising taxes and costs that outpaced the growth in sales.
- Walmex reported a net profit of US$590 million for the third quarter. This represents a 6.1% decrease compared to the same period in the previous year. The company's revenue saw an increase, but this growth was insufficient to offset the higher expenses. Taxes paid by the company increased significantly during the quarter. Additionally, operational costs, including logistics and labor, also rose at a faster pace than the company's sales revenue. These factors combined led to the reduction in overall profitability. The company's strategic investments and ongoing operational adjustments may also have contributed to the increased costs. Despite the profit dip, Walmex continues to be a significant player in the Mexican retail market.
