Walmart De México's Net Profit Falls 13%

News: Walmart de México has registered a 13% fall in net profit for Q413. This drop came despite a 3.5% year-on-year (y-o-y) increase in net sales. The decrease in profit was driven by a one-time charge related to the way Walmart de México reports its leasing expenses. The retailer's net profit reached MXN7.30bn (US$553mn) in the reported period on sales of MXN123.3bn (US$9.29bn). However, the net profit was lower than that forecast by analysts. For 2013, Walmart de México posted a 2.4% y-o-y drop in net profit to MXN22.71bn (US$1.71bn), reports the Wall Street Journal.

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Related sectors of this article: Retail
Geography: Mexico

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