Walmart de Mexico has reported that net sales for the first quarter rose 18.1% to $6.9 billion. EBITDA grew 17% to MXN8.2 billion (USD661 million), representing 9.7% of total revenues.Scot Rank, Executive President and Chief Executive Officer for Walmart de México y Centroamérica said: “I am pleased to comment that we began the year with a first quarter in line with our expectations regarding sales and investment. In Mexico we opened 38 units, thus growing our sales floor by 79,000 square metres, which is 121% more than the footage that we added during the same period last year."
Source: Planet Retail
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